Israel-Gaza war ‘devastating’ Palestine economy, UN warns
The United Nations Development Programme has looked at how deeply Israel’s six-month war on Gaza has set back hopes for growth.
It said if the war continues, economic output could shrink by a third in 2024, compared to what was projected before the war.
Poverty across the occupied Palestinian territories could surge to over 60 percent if the war extends to 9 months and the crisis is expected to increase the number of people living in poverty by an additional 1.86 million.
But in Gaza, all analyses from the UN agency indicate a setback of so-called ‘human development’ by more than 20 years.
Raja Khalidi is from the Palestine Economic Policy Research Institute.
He says a permanent ceasefire and an end to the occupation are crucial to the recovery process in Gaza.
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