The economy of Palestine is collapsing, the GDP decreased by 4 percent in one month – 2024-02-09 21:31:32

by worldysnews
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The death toll in the Palestinian violence with Israel is increasing every day. Israel is attacking mosques, hospitals, schools, ambulances. On the one hand, the number of dead is increasing in the ongoing violence, and on the other hand, the Palestinian economy has collapsed. Palestine’s GDP has dropped from 2 billion dollars to 4 percent. Qatar-based news agency Al Jazeera reported this news citing a UN report.

Palestine’s GDP in September was $20 billion. In one month it has decreased to 19 billion. Whereas Israel’s GDP is around $500 billion. If the ongoing Israeli aggression continues, Palestinian GDP will decrease by 8.4 percent after two months. In this, more than 4 lakh people can fall below the poverty line. This information has emerged in the United Nations report. That is, the country is in danger of losing 1.7 billion dollars in two months. If this violence continues in December, the GDP of Palestine will fall below 18 billion. And more than six and a half lakh people will fall below the poverty line.

The report says 24 percent of people in the West Bank have lost their jobs. In short, the economy of Palestine is collapsing. If this situation continues, a big disaster will come. So says the UN report.

1.5 million people have been displaced in Gaza since the violence began. More than 12,000 Palestinians have died in Israeli aggression.


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