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Two months after ceasefire, Gaza’s economy is at its worst
Palestinian economists say the Hamas-controlled enclave cannot develop without first lifting Israeli blockade and reopening border crossings, warning if the economic situation deteriorates further, it would be impossible to predict how Gazans would react
Sanaa Alswerky/The Media Line |
Published: 07.17.21, 09:39
The latest devastating round of fighting between Israel and Gaza ended nearly two months ago, leaving behind shattered infrastructure and a paralyzed economy that threatens the livelihoods of the two million residents of the coastal territory.
“The total losses and damages amounted to $479 million, distributed over three sectors: the housing and infrastructure sector, which suffered 61% of the total damage; the economic development sector, with 33% of the damage; and the social development sector, with 7% of the damage,” the Higher Governmental Committee for the Reconstruction of Gaza announced on Monday.