Gaza conflict could spark rise in poverty, UN agencies fear

By UN News

Nov 10, 2023 9:52 am

Nearly 20 years of development progress could be wiped out in the Occupied Palestine Territories if the conflict between Israel and Hamas continues for a second full month, according to a UN report published on Thursday.

The assessment by the UN Development Programme (UNDP) and the Economic and Social Commission for Western Asia (ESCWA) looks at preliminary socio-economic impacts, warning that poverty could spike while Gross Domestic Product (GDP) could plummet by 8.4 per cent, which translates into a loss of $1.7 billion.

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Nearly 20 years of development progress could be wiped out in the Occupied Palestine Territories if the conflict between Israel and Hamas continues for a second full month, according to a UN report published on Thursday.

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