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War plunges Gaza and West Bank into ‘devastating’ economic crisis, UN says

War plunges Gaza and West Bank into ‘devastating’ economic crisis, UN says
War
      plunges
      Gaza
      and
      West
      Bank
      into
      ‘devastating’
      economic
      crisis,
      UN
      says
-

The war waged by Israel against Hamas for more than 11 months has caused economic “devastation” of “staggering proportions” in Gaza and, by extension, in the West Bank, the UN denounced on Thursday.

The war between Israel and Hamas, ongoing since the October 7 attack, is causing economic “devastation” of “staggering magnitude” in Gaza and, by extension, in the West Bank, a report from the United Nations Conference on Trade and Development (UNCTAD) pointed out on Thursday, September 12.

In Gaza, “production processes have been interrupted or destroyed, sources of income have disappeared, poverty has intensified and spread, neighborhoods have been eradicated and communities and cities have been ruined,” the report said.

Also readTen months of war in Gaza: the humanitarian situation “is totally atrocious”

The military operation “has caused unprecedented humanitarian, environmental and social crises and transformed the region from one of underdevelopment to one of devastation.”

Even East Jerusalem has been hit hard. “80 percent of businesses in the Old City” have partially or completely ceased operations, the report said.

- FRANCE 24

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