U.N. trade body said in a report published on Wednesday that it could take until the closing years of the century for Gaza’s economy to regain its pre-conflict size if hostilities in the Palestinian enclave were to cease immediately, the U.N. trade body said in a report published on Wednesday.
Israel’s offensive in Gaza in the wake of attacks by Hamas gunmen on Oct. 7 have killed more than 26,000 people, according to local authorities, and decimated infrastructure and the livelihoods of its 2.3 million inhabitants.
The United Nations Conference on Trade and Development said the conflict had precipitated a 24% contraction in Gaza’s GDP (gross domestic product) and a 26.1% drop in GDP per capita for all of 2023.
UNCTAD said that if the military operation were to end and reconstruction to start immediately – and if the growth trend seen in 2007-2022 persisted, at an annual average rate of 0.4% — Gaza could restore its pre-conflict GDP levels in 2092.—Agencies
