Gaza Suffers World’s Worst Ever Economic Crisis: UN
- Gaza’s recovery and reconstruction needs are estimated at $71.5 billion and may rise, according to the United Nations Conference on Trade and Development .
- UNCTAD reported that 92 percent of Gaza’s economic establishments have been damaged or destroyed, while more than 90 percent of working-age people are unemployed.
- Gaza’s GDP per person fell to $212 last year, or $0.58 per day, an 83 percent decline from 2022, according to UNCTAD.
32 Articles
32 Articles
The Palestinian territory of the Gaza Strip is currently experiencing the "most serious economic crisis" observed in the world, warned the United Nations Conference on Trade and Development (UNCTAD) on Thursday.
The Palestinian territory of the Gaza Strip currently crosses the "most serious economic crisis" of the world, alerted, on Thursday, the United Nations Conference on Trade and Development (UNCTAD). Context: At the UN, Netanyahu minimizes violence by Israeli settlers, exalts Trump and derails protests in the assembly Want to read more news from the world? Follow the channel on WhatsApp Want to live away? See interactive guide that gathers informa…
The United Nations Conference on Trade and Development (UNCTAD) emphasized that the economy of the Gaza Strip is facing the "most documented economic crisis in the world," noting that 92 per cent of economic enterprises capable of generating employment and income in the sector have been damaged or destroyed, and that more than 90 per cent of the working-age population is not working.
Can we still talk about the Palestinian economy? After 60 years of Israeli occupation, activity is more severe than ever in the Territories. The war in Gaza has "brought to nothing decades of development", the UN warns on Thursday, September 24th. It estimates that it would take more than $71 billion to rebuild the enclave. This is simply the most serious economic crisis in history.
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