The Worst Job In the West Bank

This April 3, 2006 Newsweek article, about the poor guy who was in jail when he was named Palestinian Authority's next Finance Minister, has hidden within its first paragraph this tidy little tidbit:

Released a week ago, Abdel-Razeq says he hasn't yet had time to sift through the World Bank's dire projections for 2006, warning of an economic downturn equivalent to the Great Depression.

Does this mean the World Bank forcasts a world-wide economic downturn, equivalent to the Great Depression? Or is it a Palestinian Great Depression? Seems like an odd way to put it. Oddly enough, the World Bank projections that I've found say nothing like this..but again, they project falling world-wide oil prices through 2010...