ABSTRACT
When Salam Fayyad left office in June 2013, he left a mixed record on the economy. During the first two years of the technocratic government (mid2007 to 2009), the rate of economic activity in the West Bank and the Gaza Strip rocketed by nearly 30 per cent (see Figure 8.1).1 However, the record also included a severe fiscal crisis beginning in 2011, falling average wages across the board (except for Palestinians working in Israel and the settlements) and a stymied, near-debilitated private sector.
