Part 6/9:
The ongoing war in Gaza has wreaked devastating havoc on the Palestinian economy, leading to a staggering loss of over $8 billion in the private sector alone since the conflict began. With unemployment soaring to around 79% in Gaza and 32% in the occupied West Bank, the economic situation has reached a dire state.
International aid has plummeted to its lowest levels, exacerbating poverty rates and leading to significant infrastructure losses. Academic TK Sadiq notes that the most vulnerable populations, particularly women and youth, are bearing the brunt of this economic collapse. The Israeli government’s withholding of Palestinian tax revenues further compounds the crisis by obstructing essential services and salary payments.