8 Hrs
Source:
اقتصاد
Gaza Economic Squeeze
Rain and cold have worsened the suffering of displaced people in Gaza. Around 70,000 tents were damaged, and the effects of the storm reached nearly 350,000 people. The United Nations urgently needs to provide 120,000 tents, but has only 3,000 in stock. The crisis coincides with widespread economic devastation: reconstruction is estimated to cost $71 billion, yet only 0.5% of the amount needed has been raised, and Gaza’s economy has contracted by about 83%. Prices rose by more than 11% in September compared with August, unemployment reached 80–86%, and 59% of households faced a food-security crisis or worse. More than 1.5 million displaced people are living in harsh conditions, with no income, scarce aid and reconstruction stalled.
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