UN Report: Gaza's Recovery Needs Reach $71.5 Billion Amid Severe Economic Crisis
A UN trade body says the economic consequences of the Israeli occupation have 'skyrocketed,' with unemployment reaching 90% in Gaza.
A report from a United Nations trade body has found that Gaza's recovery needs have reached $71.5 billion, describing the situation as one of the "most severe economic crises" facing the territory.
According to the report, the economic consequences of the Israeli occupation have "skyrocketed," with unemployment in Gaza reported at approximately 90 percent.
The findings underscore the scale of the humanitarian and economic challenges facing Gaza, with the reconstruction and recovery costs reflecting extensive damage to infrastructure and the broader economy.
The report's authors point to the compounding effects of prolonged conflict and occupation on the territory's economic capacity, leaving the vast majority of the working-age population without employment.
The scale of the funding needs identified in the report highlights the magnitude of the reconstruction effort that would be required to rebuild Gaza's economy and infrastructure.
Sources
- Gaza’s recovery needs reach $71.5bn amid ‘most severe economic crisis’: UN — Al Jazeera — All
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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