Headline: Gaza: War has set Palestine’s development back nearly 70 years
Source: The Guardian
Date: July 20, 2023
Summary:
According to a report by the United Nations Conference on Trade and Development (UNCTAD), the recent war in Gaza has caused severe economic damage to the area. The report estimates that the conflict has set Palestine’s development back by nearly 70 years.
The report states that the war destroyed or damaged essential infrastructure, including homes, schools, hospitals, and businesses. The conflict also disrupted trade and caused a sharp decline in tourism. As a result, Palestine’s economy is expected to contract by 7.5% in 2023.
The report calls for urgent international assistance to help Palestine recover from the war. It also recommends that Israel lift its blockade of Gaza, which has severely restricted the movement of people and goods.
Key Points:
- The report estimates that Palestine’s development has been set back by nearly 70 years.
- The war destroyed or damaged vital infrastructure, including homes, schools, hospitals, and businesses.
- The conflict disrupted trade and caused a sharp decline in tourism.
- Palestine’s economy is expected to contract by 7.5% in 2023 as a result of the war.
- The report calls for urgent international assistance to help Palestine recover and urges Israel to lift its blockade of Gaza.
Implications:
The report’s findings are a stark reminder of the devastating impact of war on development. The conflict in Gaza has not only caused immense human suffering but has also severely damaged the Palestinian economy. The international community must act now to help Palestine recover and rebuild.
Gaza: War has set Palestine’s development back nearly 70 years
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