The war in Gaza has devastated the Palestinian economy, which is now 35 percent smaller than at the start of Israel’s invasion a year ago, while development levels in Gaza itself have fallen to 1950s levels, he said. said the United States Nations Development Agency (UN).
Launching a new study on the socioeconomic impacts of the war, which Palestinian authorities say has killed more than 42,500 people, Chitose Noguchi of the United Nations Development Program (UNDP) said that, by some metrics, the region’s poverty rate is now approaching 100%. with unemployment now at 80%.
“The State of Palestine is experiencing unprecedented levels of backsliding,” he said. “In the case of Gaza, the reversal of development over an estimated 70-year period up to 1955.”
Source: Terra

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