‘Utter ruin’: Gaza economy would take 350 years to return to pre-conflict level, UN says

‘Utter ruin’: Gaza economy would take 350 years to return to pre-conflict level, UN says

Gaza, Israel, Economics, Business, Middle East and north Africa, Palestinian territories, World news, United Nations Business | The Guardian

​Report says ‘intense military operations in Gaza have left unprecedented humanitarian, environmental and social catastrophe’Middle East crisis – live updatesGaza’s economy has been left in “utter ruin” by the year-long war between Israel and Hamas, and it would take 350 years to return to its pre-conflict levels, the United Nations has warned.In a report on the economic costs of the war prepared by its trade and development wing (Unctad), the UN said the fighting since Hamas killed more than 1,000 Israelis on 7 October last year had devastated the remnants of Gaza’s economy and infrastructure. Continue reading… 

Report says ‘intense military operations in Gaza have left unprecedented humanitarian, environmental and social catastrophe’

Middle East crisis – live updates

Gaza’s economy has been left in “utter ruin” by the year-long war between Israel and Hamas, and it would take 350 years to return to its pre-conflict levels, the United Nations has warned.

In a report on the economic costs of the war prepared by its trade and development wing (Unctad), the UN said the fighting since Hamas killed more than 1,000 Israelis on 7 October last year had devastated the remnants of Gaza’s economy and infrastructure.

Continue reading… 

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