Gaza Economy Shrinks to One-Sixth of Pre-War Size, UN Report Reveals
The Palestinian economy faces a severe downturn, with Gaza's production plummeting and West Bank unemployment tripling since the Israel-Hamas conflict began.
- Gaza's economic output has dropped to just over $221 million, a stark decline from over $1.34 billion before the conflict.
- The conflict has caused over 300,000 job losses in the West Bank, driving unemployment rates up from 12.9% to 32%.
- More than 41,000 Palestinians and around 40 Israelis have been killed since the war began, according to respective sources.
- The UN report calls for immediate international intervention to address the humanitarian crisis and support economic recovery.
- Declining international aid and Israeli withholding of funds have exacerbated the economic strain on Palestinian territories.