The conflict in Gaza, which began the day after the Hamas attack in southern Israel on October 7, 2023, caused an “unprecedented turnaround in recent history” of the Palestinian economy, totally devastated by Israeli attacks. , according to a report published Monday by the World Bank (WB).
According to the latest data updated by the financial institution, the GDP of the Gaza Strip collapsed by 86% at the end of the first half of 2024, compared to the same period a year earlier.
In total, the impact for the entire Palestinian economy represents a fall of 33.6% in its GDP, also due to the tensions generated in the West Bank (drop of 23.3% in GDP) by the operations of the Israeli army and increased pressure from Israeli settlers.
At the same time, inflation now reached 300% over one year, in the month of October, in a territory where 1.9 million people, out of a population of 2.1 million inhabitants before the start of the conflict, has been moved, most often several times.
The prices of foodstuffs have soared by 440% over one year, those of energy by more than 200%, due to major supply disruptions and the difficulty in getting food aid to populations in the need.
Swiss
