Key DevelopmentsDirect damages to Gaza’s infrastructure in the first four months of the war estimated at $18.5 billion, set to rise as war spreads.Debris from the war is estimated at 37 million tons, requiring up to 14 years to remove, exacerbating reconstruction challenges.Over half of Gaza’s buildings are damaged or destroyed, with 60-70% of homes uninhabitable, triggering widespread displacement and overcrowding.Destruction of banking infrastructure intensifies cash scarcity, hindering access to salaries and humanitarian aid and leading to the emergence of exploitive alternatives.Mass job losses drive income depletion and economic hardship.Unemployment projected to hit 57% in Q1 2024. Ban on Palestinian workers inIsrael exacerbates the socioeconomic crisis.Listed companies’ 2023 profits hit a 15-year low due to war-induced economic challenges. (ICE AMMAN)

Fonte notizia: palestinian economic MAS