The Palestinian Economy to Endure a 3 percent of Losses Due to the Corona Crisis

  • Jerusalem, Palestine
  • 16 April 2020
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The Palestinian National Economy Minister, Khaled al-Osaily, revealed that preliminary estimates show that Palestine incurs losses between 2% and 3%, at the present time, due to the Coronavirus crisis, and if the crisis persists, the losses are expected to reach 7%.

Khaled al-Osaily said that the health costs to prevent the spread of the Coronavirus are estimated at $137 million, pointing to preparing a scientific economic study that will be submitted to Mohammad Shtayyeh, the Palestinian Prime Minister, which includes accurate and documented statistics on the economic reality in light of the crisis.

He pointed out that the sectors that were declared open will be continuously monitored to ensure compliance with health standards that protect their workers and citizens, and will be closed immediately in the event of non-compliance.

The Minister of National Economy pointed out that the aim of opening these sectors is to facilitate the lives of citizens as much as possible, according to a plan that relies on a daily estimate according to the number of infections with the Coronavirus and the areas in which it is spread, taking into account in the next stage the sanctity of the month of Ramadan and taking the necessary measures in it.

Source (New Arab newspaper, Edited)