Palestinian economy lies 'in ruins' after 11 months of war in Gaza, UN says

Gaza’s economy is in ‘ruins’ and less a sixth of the size it was before Israel launched a military campaign there more than 11 months ago in response to the deadly Oct. 7 attacks, the United Nations Conference on Trade and Development (UNCTAD) said in a report on Thursday. “The Palestinian economy is in freefall,” UNCTAD Deputy Secretary General Pedro Manuel Moreno told reporters.

Palestinian economy lies 'in ruins' after 11 months of war in Gaza, UN says
Gaza’s economy is in ‘ruins’ and less a sixth of the size it was before Israel launched a military campaign there more than 11 months ago in response to the deadly Oct. 7 attacks, the United Nations Conference on Trade and Development (UNCTAD) said in a report on Thursday. “The Palestinian economy is in freefall,” UNCTAD Deputy Secretary General Pedro Manuel Moreno told reporters.