APAIMages - APAIMages CLIENTS ONLY, Gaza city - 21 April 2019. Samer al-Zuhdi, a 27 year-old Palestinian man, works in a street cafe, at the beach of Gaza city.
STORYLINE - Al-Zuhdi is a father of three children, did not find work after graduating from the university, he decided to open a street cafe named Mövenpick " a world-class Hotels & Resorts management company headquartered in Baar, Switzerland" decorated with pictures of Arab celebrities, and the beach with candles, to attract customers, in an attempt to address the difficult economic reality of the Gaza Strip.
The World Bank said, last week, the Palestinian economy is now facing a “severe fiscal shock” due to the tax revenues issue with Israel, calling for a speedy resolution.
Anna Bjerde, the Acting Country Director for West Bank and Gaza, “The economy, which has not experienced real growth in 2018, is now facing a severe fiscal shock due to the Israeli cuts in tax revenues."
Bjerde stressed the necessity to find an urgent solution to prevent further deterioration of economic activity and living standards.
The report said that “the Palestinian economy has witnessed low growth rates that are unable to cope with population growth, leading to increased unemployment and deteriorating living conditions.”
The Palestinian economy "is now facing a severe fiscal shock" due of the impasse over Israel withholding tax revenues that the Palestinian Authority (PA) pays to Palestinian prisoners and to the families of killed Palestinians as salaries.
SOUNDBITE – Samer al-Zuhdi, owner of the cafe
Footage by Mahmoud Ajjour/APAimages