World Bank: Palestinian economy to contract 8% in 2020

JERUSALEM (AP) — The Palestinian economy is expected to contract by about 8% in 2020 as it copes with the effects of the coronavirus pandemic, an already struggling economy and a political standoff with Israel, the World Bank said in a report Tuesday. The report showed how the pandemic has accelerated the trends of sluggish growth and high unemployment plaguing the Palestinian economy in recent years. After clashing with the Trump…