ISRAEL AT WAR - DAY 142

search

Israel-Hamas war has devastated economies of both Gaza and the West Bank, IMF head says

The war between Israel and Hamas has devastated the economies of both the war-torn Gaza Strip and the West Bank, the International Monetary Fund’s chief says, adding that only “durable peace” will improve the outlook.

“The Palestinian economy’s dire outlook is worsening as the conflict persists,” managing director Kristalina Georgieva tells the World Governments Summit in Dubai.

“Only a durable peace and political solution will fundamentally change it.”

“Economically, the impact of the conflict has been devastating,” Georgieva said.

In the Gaza Strip economic activity dropped 80 percent from October through December compared with a year earlier, the IMF chief says. The war between Israel and Hamas began on October 7 when Hamas launched a shock terror onslaught in southern Israel.

She adds that in the West Bank, economic activity has dropped by 22 percent.

 

Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
image
Register for free
and continue reading
Registering also lets you comment on articles and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.