The World Bank and the United Nations have issued stark warnings concerning the Palestinian economy, blighted by the longest occupation in modern times and the spread of the coronavirus pandemic. As reported by the World Bank, the proportion of poor families is expected to rise to 30% in the West Bank and to 64% in Gaza. According to the World Bank, the Palestinian economy is being suffocated by restrictions imposed by Israel on the movement of people and goods. The United Nations confirmed the concerns raised by the World Bank, warning that the Israeli Prime Minister’s move to annex parts of the West Bank would strangle financial flows and aid to the Palestinians. The Palestinian economy is expected to shrink by up to 11 percent by this year. The World Bank suggested that one way to prevent an “economic collapse” would be to develop a digital economy. “The digital economy can overcome geographic obstacles, foster economic growth and create better job opportunities for Palestinians. To check the news, click here