The Times of IsraelEconomy
UN Agency Details Gaza's 'Unprecedented' Economic Collapse, Cites $71.5 Billion Recovery Need
Summarized from The Times of Israel by baba
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A UNCTAD report details Gaza's "unprecedented socioeconomic collapse" since October 7, 2023, estimating $71.5 billion for recovery and noting 92% of economic establishments are damaged or destroyed. The report also covers economic constraints in the West Bank due to withheld Palestinian Authority tax revenues.
The story in 6 lines · by baba
- Gaza faces unprecedented economic collapse, needing $71.5 billion for recovery.
- 92% of Gaza's economic establishments are damaged or destroyed.
- Daily per capita GDP in Gaza is $0.58, with prices 274% higher than in 2022.
- Over 90% of Gaza's working-age population is unemployed.
- Israel has withheld Palestinian Authority tax revenues for about a year.
- West Bank settlement expansion and settler violence were also highlighted.
The Times of Israel publishes in English. The key points are summarized above. Read The Times of Israel’s full report from the link at the top of the page.
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