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The economic fallout of the Gaza War

The Owner Press by The Owner Press
January 15, 2025
in Business News
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As a ceasefire deal has been reached between Israel and Hamas, Yuka Royer takes a have a look at the financial and social prices of the warfare in Gaza. 

The United Nations has repeatedly warned about famine spreading throughout the territory, with meals inflation reaching greater than 400% and actual GDP shrinking by 86% within the first half of 2024. In the meantime, the Palestinian Authority has additionally been dealing with worsening fiscal challenges on account of a big a part of its tax revenues withheld by Israel. 



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