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World > UN News
Palestine's economy in ruins, as Gaza war sets development back two decades
By UN News
May 02, 2024 2:36 pm

The relentless Israeli offensive in the Gaza Strip has set back Palestine's overall socio-economic development by more than 20 years, according to a new UN report released on Thursday.

The joint study by the UN Development Programme (UNDP) and the Economic and Social Commission for Western Asia (ESCWA), revealed that the poverty rate has surged to 58.4 per cent since the 7 October Hamas-led terror attacks began the escalation in violence, pushing nearly 1.74 million additional people into poverty.

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