Palestine Current Account Deficit Widens Sharply 📉
Palestine's current account deficit more than doubled in Q3 2024, driven by a steep decline in income surplus and narrowing of current transfer surplus, despite improvements in goods and services deficits.
The widening of Palestine's current account deficit, primarily due to the decline in income surplus and current transfer surplus, suggests a deterioration in the country's overall economic and financial conditions. This could have a significant negative impact on the investment portfolio, as it may lead to increased volatility and potential losses in the positions exposed to the Palestinian market, such as the MSCI World and emerging markets funds.