The war in the Palestinian territories is having a catastrophic impact on the local economy, the World Bank said Monday, noting that all sectors have been badly affected by Israel's attacks.Economic output in the Gaza Strip plummeted by 86 percent in the first half of this year, and by 23 percent in the West Bank, according to recent Bank data, leaving the Palestinian economy on track to contract by 26 percent in inflation-adjusted terms this ye…

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Palestinian economy facing unprecedented crisis: World Bank

Inflation in Gaza rose 300 per cent in the 12 months to October, with food prices surging by 440 per cent.

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ALBAWABA - According to a World Bank examination, the continuous Israeli assault is causing the Palestinian economy to collapse at an extent never seen before...

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Palestinian economy faces historic crisis, World Bank says

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Jamal Daniel

The war in the Palestinian territories is having a catastrophic impact on the local economy, the World Bank said Monday, noting that all sectors have been badly affected by Israel's attacks. "The ongoing conflict in the Middle East continues to have a catastrophic impact on the Palestinian economy, pushing the territories into a crisis of unprecedented magnitude," the bank said in a statement.

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Istanbul: The World Bank said that the Israeli war on Gaza caused the destruction of about 93 percent of bank branches operating in the Gaza Strip after nearly 15 months of continuous genocide. This was stated in a report on Monday evening, saying that the Israeli war has also destroyed 88 percent of microfinance institutions, most tellers, and 88 percent of insurance companies. Today, no [...]

إسطنبول: قال البنك الدولي، إن الحرب الإسرائيلية على غزة تسببت بتدمير نحو 93 بالمئة من فروع المصارف العاملة في القطاع، بعد قرابة 15 شهرا من الإبادة المتواصلة. جاء ذلك في تقرير، مساء الاثنين، قال فيه إن الحرب الإسرائيلية دمرت أيضا 88 بالمئة من مؤسسات التمويل الأصغر ومعظم الصرافين، و88 بالمئة من شركات التأمين. واليوم، لا […]

البنك الدولي يعلن تدمير إسرائيل 93 بالمئة من فروع البنوك في غزة

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The World Bank announces that Israel has destroyed 93 percent of bank branches in Gaza

Latest information, analyses, and testimonies in our special report on the war in the Middle East.

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L'économie palestinienne dévastée par le conflit à Gaza, selon la Banque mondiale

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Palestinian economy devastated by the Gaza conflict, according to the World Bank

The World Bank has warned about the devastating economic toll of Israel's ongoing war in Gaza, describing the crisis as "unprecedented". According to a recent report from the financial authority, the Palestinian economy is expected to shrink by 26 percent in 2024, marking the sharpest contraction in two decades. Gaza continues to bear the brunt of the economic collapse, with its economy shrinking by 85 percent in the first half of the year. In s…

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Gaza's economy shrinks by 85 percent amid unprecedented collapse

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Sputnik, Afp, Europa Press and Xinhua                La Jornada Newspaper
Tuesday, December 17, 2024, p. 22         Tel Aviv., The war in the Gaza Strip, where more than 50 people were eliminated yesterday, caused a unprecedented change in recent history of the Palestinian economy, totally devastated by the Israeli attacks launched since October 2023, indicated the World Bank, specifying that the enclave’s GDP plummeted 86 percent at the end of …

Palestinian economy facing unprecedented crisis: World Bank

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