UN says Gaza economy to take 350 years to return to pre-conflict levels. Agri output down 93%.

By
Ziraat Times
-

Follow Ziraat Times on Whatsapp - Join Now

New York, Oct 23: Gaza’s economy would take 350 years to return to its pre-conflict levels, the United Nations has warned.

In a report on the economic costs of the war prepared by its trade and development wing (Unctad), the UN said the fighting since Hamas killed more than 1,000 Israelis on 7 October last year had devastated the remnants of Gaza’s economy and infrastructure.

The report, presented to last month’s UN general assembly, said economic activity across Gaza – which had been weak before the war – had ground to a halt, apart from minimum humanitarian health and food services provided under conditions of severe water, fuel and electricity shortages, and significant access constraints.

Construction output was down by 96%, agriculture output by 93%, manufacturing by 92% and services sector output by 76%. Meanwhile, unemployment reached 81.7% in the first quarter of 2024, a rate the UN said was likely to worsen or persist for as long as the military operation continued.

“The intense military operations in Gaza resulted in an unprecedented humanitarian, environmental and social catastrophe and propelled Gaza from de-development to utter ruin,” the report said.

“The far-reaching repercussions will linger for years to come, and it may take decades to return Gaza to the status quo ante.

“Once a ceasefire is reached, a return to the 2007–2022 growth trend would imply that it would take Gaza 350 years just to restore GDP to its level in 2022.”

The report said the past 12 months of military action had followed a period between 2007 and 2022 when the economy of Gaza had been severely affected by restrictions imposed by Israel on the movement of goods and people.

The UN said the income loss caused by the restrictions and military operations was “staggering”.

“According to thorough estimations described in the present report, in the absence of those constraints, by the end of 2023 it is estimated that Gaza’s gross domestic product (GDP) would have been, on average, 77.6% higher than its actual level.

RELATED ARTICLESMORE FROM AUTHOR

929 COMMENTS

  252. pharmacie en ligne pas cher pharmacie en ligne france livraison internationale or pharmacie en ligne pas cher
    https://images.google.ac/url?q=https://kamagrameilleurprix.com acheter mГ©dicament en ligne sans ordonnance
    [url=http://joergschueler.de/redirect.php?blog=schbclers blog&url=https://kamagrameilleurprix.com]Pharmacie sans ordonnance[/url] Achat mГ©dicament en ligne fiable and [url=http://www.9kuan9.com/home.php?mod=space&uid=2599845]pharmacie en ligne france livraison internationale[/url] acheter mГ©dicament en ligne sans ordonnance

  441. Their adherence to safety protocols is commendable.
    [url=https://lisinoprilpharm24.top/#]cost generic lisinopril online[/url]|[url=https://clomidpharm24.top/#]order generic clomid[/url]|[url=https://cytotecpharm24.top/#]buying generic cytotec no prescription[/url]|[url=https://gabapentinpharm24.top/#]gabapentin neurontin 100 mg cap[/url]|[url=https://cipropharm24.top/#]can you buy generic cipro without rx[/url]
    Their global presence ensures prompt medication deliveries.

  571. Азартные РёРіСЂС‹ РїСЂРёРЅРѕСЃСЏС‚ радость Рё азарт.: balloon game – balloon казино играть

  721. reputable mexican pharmacies online mexico drug stores pharmacies or reputable mexican pharmacies online
    http://data.oekakibbs.com/search/search.php?id=**%A4%EB%A4%AD%A4%EB%A4%AD%A4%EB%A4%AD*geinou*40800*40715*png*21*265*353*%A4%A6%A4%AD*2006/09/03*usmexpharm.com***0*0&wcolor=000060080000020&wword=%A5%D1%A5%BD%A5%B3%A5%F3 mexican rx online
    purple pharmacy mexico price list medicine in mexico pharmacies and buying prescription drugs in mexico buying prescription drugs in mexico

LEAVE A REPLY

Please enter your comment!
Please enter your name here