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Friday, September 20, 2024

The reconstruction of Gaza will take tens of years and billions of dollars

PNN – The United Nations Conference on Trade and Development announced that reconstruction the socio-economic conditions of the Gaza Strip will take decades and significant international assistance.

Pakistan News Network; While the suspension of aid from some Western countries to “UNRWA” has become news, a UN agency published a report on the dire economic and social situation in Gaza.

The report of the United Nations Trade and Development Conference states that Gaza’s economy needs billions of dollars to reach its pre-war level, and the social and economic situation in Gaza has worsened since the Israeli attacks.

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The United Nations Conference on Trade and Development has announced that it has cited satellite images and official data in its report.

It has been said that the economy of Gaza had decreased by four and a half percent in the first three quarters of 2023, but the Israeli war has intensified this decrease.

According to the United Nations Conference on Trade and Development, if the Israeli war ends immediately and the reconstruction of Gaza begins immediately after, and the growth trend from 2007 to 2022 continues at an average growth rate of 0.4 percent, it will take until 2092 for the level of GDP Gaza will be repeated in 2022.

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