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UNCTAD report: Gaza Strip has experienced 16 years of reverse development and economic “hollowing out”
The United Nations Conference on Trade and Development released the latest Palestinian annual economic report in Geneva on the 25th local time. The report stated that from 2006 to 2022, the Gaza Strip has experienced 16 years of “reverse development” and its economic situation is extremely severe. It is expected that billions of dollars in aid will be needed to repair its ravaged economy.
The report said that the blockade imposed by Israel on the Gaza Strip since 2007 has exacerbated local economic challenges. As tensions increase and the peace process has been stalled for a long time, 2022 will be the worst year in history for the Palestinians. one.
According to data provided in the report, from 2006 to 2022, the total number of residents in Gaza increased by 61%, while the per capita economic output dropped from US$1,994 in 2006 to US$1,257 in 2022, a significant drop of 37%, and the unemployment rate dropped Increased from 35% to 45%. At the same time, more than half of the population lives in poverty. In contrast, the per capita economic output of Palestinians in the West Bank increased from US$2,923 in 2006 to US$4,458 in 2022. These circumstances fully demonstrate that the Gaza economy, where 80% of the population relies on international aid, has been “hollowed out.”
The report concludes that the Gaza Strip has “experienced 16 years of reverse development” and needs to reach a peaceful settlement through negotiation, in accordance with international law and relevant United Nations and Security Council resolutions, to end hostilities and increase support for the Gaza Strip economy, so as to reverse the destruction and destruction of the Gaza Strip. The vicious cycle of partial reconstruction is broken. It is difficult to assess the exact amount of international economic assistance required by the Gaza Strip before the current new round of Palestinian-Israeli conflict ceases, but it is estimated that this amount is likely to reach billions of dollars to meet the reconstruction needs of the Gaza Strip.
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2023-10-26 01:12:00
