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Ammon News · 2008-10-06
In a statement to the Quds Net news agency, republished by Ammon News, economist Omar Shaban says the Palestinian economy is not a key player in the global economy and attracts no foreign investment, but warns that Israel will try to export its own crisis to the Palestinian territories as share prices fall on the Tel Aviv stock exchange. Israel “always tries to solve its crisis by exporting it” to the Palestinian Authority’s areas, he says, by increasing its exports to the Palestinian market and indirectly capturing a larger share of international aid to Palestinians. He adds that the Tel Aviv slump was expected given its close ties to New York, and predicts the downturn in the West, and in Israel in particular, will last until 2010–2011.
In a statement to the Quds Net news agency, republished by Ammon News, economist Omar Shaban says the Palestinian economy is not a key player in the global economy and attracts no foreign investment, but warns that Israel will try to export its own crisis to the Palestinian territories as share pri…