Baroness Tonge – 2016 Parliamentary Question to the Foreign and Commonwealth Office

The below Parliamentary question was asked by Baroness Tonge on 2016-10-11.

To ask Her Majesty’s Government what assessment they have made of Palestine’s economic prospects over the next five years.

Baroness Anelay of St Johns

​The Palestinian economy continues to face a number of challenges, including the restrictions imposed by the occupation. The International Money Fund estimates that in the medium term growth is likely to be in the region of 2-3 per cent. If restrictions of the occupation were lifted, it is estimated that growth could be in the region of 7-9 per cent. We continue to support economic growth in the Occupied Palestinian Territories through the Palestinian Market Development Programme which assists companies to develop new products and enter new markets.