Summary
UN experts have reported that Israel's actions in Gaza and the wider Palestinian territories have severely damaged the economy. They mention high unemployment, destroyed commercial assets, and a blockade causing widespread poverty and famine. The experts urge changes to end this economic distress.
Key Facts
- UN experts say Israel's attacks and financial restrictions have harmed Gaza's economy.
- Destruction of assets and forced displacement have made business in Gaza difficult.
- Unemployment in Gaza has risen above 80%.
- A famine has been officially declared in some parts of Gaza.
- The war and blockade have led to extreme inflation, with cooking oil and flour prices skyrocketing.
- In the West Bank, arbitrary financial actions by Israel have strained the Palestinian Authority's resources.
- 100,000 Palestinian workers have lost work permits, reducing financial inflows.
- A UN report listed companies, including major U.S. tech firms, involved in supporting Israeli actions.
