15 Hrs
Source:
وكالة الأنباء القطرية
UN report warns of Palestinian economic collapse
A UN report warns of the complete collapse of the Palestinian economy, indicating that the Gaza Strip's economy is among the most severe economic crises recorded in the world. It reports the destruction of 92% of production facilities and job opportunities, with unemployment rates exceeding 90% of the population. The damage has been concentrated in the housing, agriculture (which has decreased by 94%), and industrial sectors, alongside a significant deterioration in education and health services. Multidimensional poverty has now affected all residents. The estimated damages in Gaza amount to approximately $19 billion, while the reconstruction needs are around $71.5 billion. On the broader Palestinian economy level, the gross domestic product has decreased by 20% since 2022. Reports forecast that the situation will worsen if restrictions and tensions continue, amidst a dire financial situation despite international support, which necessitates urgent assistance to finance recovery efforts and reconstruction.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)