U.N. Report Reveals Devastation of Palestinian Economy After War

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UNITED NATIONS — A U.N. report paints a stark picture of the devastation of the collapse of the Palestinian economy after a month of war and Israel ’s near-total siege of Gaza .The gross domestic product shrank four percent in the West Bank and Gaza in the war’s first month, sending over 400,000 people into poverty — an economic impact unseen in the conflicts Syria and Ukraine , or any previous Israel -Hamas war, the U.N. said.

If the war continues for a second month, the U.N. projects that the Palestinian GDP, which was $20.4 billion before the war began, will drop by 8.4 percent — a loss of $1.7 billion. And if the conflict lasts a third month, Palestinian GDP will drop by 12 percent, with losses of $2.5 billion and more than 660,000 people pushed into poverty, it projects.U.N.

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U.N. Report Palestinian Economy Collapse War Israel Siege Gaza Gross Domestic Product Poverty Syria Ukraine Israel-Hamas War Hamas Militants Attack Civilians Kidnapping

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