A new U.N. report paints a stark picture of the collapsing Palestinian economy after a month of war and Israel’s near total siege of Gaza
A new U.N. report paints a stark picture of the devastation of the collapse of the Palestinian after a month of war and Israel ’s near total siege of Gaza . The gross domestic product shrank 4% in the West Bank and Gaza in the war’s first month, sending over 400,000 people into poverty -- an economic impact unseen in the conflicts Syria and Ukraine , or any previous Israel - Hamas war, the U.N. said. Gaza ’s Hamas rulers launched a surprise attack on Israel on Oct.
At the beginning of 2023, the Palestinian territories – the West Bank and Gaza – were considered a lower middle-income economy with a poverty level of $6 per day per person, Economic Commission Executive Secretary Rola Dashti said. In January, Gaza was already grappling with high unemployment of about 46%, three-and-a-half times higher than the West Bank’s 13%, the report said. But just weeks of war has destroyed hundreds of thousands of jobs.
U.N. Report Palestinian Collapse War Israel Siege Gaza Gross Domestic Product Poverty Economic Impact Conflicts Syria Ukraine Israel-Hamas War Hamas Attack Civilians Kidnapping
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