UN trade agency assesses economic impact of Gaza devastation

Restoring the social and economic conditions that existed in Gaza before the current conflict will take tens of billions of dollars and several decades, according to the UN trade and development agency, UNCTAD.

Its latest report revealed that Gaza’s Gross Domestic Product (GDP) declined by $655 million last year, roughly 25 per cent, mainly due to the onset of war following the 7 October terror attacks. 

UN News’s Khaled Mohamed spoke to Rami Al Azzeh, an economist with the Assistance to the Palestinian People Unit at UNCTAD, who underscored the need for the international community to act now, given the level of destruction.