Economy News Israel S Economy Shrinks More Than Expected On Gaza War
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Israel’s war on Gaza, curbs drive Palestinian economy to record collapse
The economy of the occupied Palestinian territory is facing its most severe collapse on record, driven by the scale of Israel’s war on Gaza and continued restrictions on movement and trade, according ... Read More
Gaza Economy at 13 Percent of Pre-Genocide Level, With Worst Collapse on Record
“Gaza’s economy has lost 87 per cent of its value since 2022,” said Mutasim Elagraa, UNCTAD economist and coordinator for Palestine within the agency, per UN News. “GDP per capita has reverted to ... Read More
Israel’s Economy Rebounded Strongly Ahead of Gaza Ceasefire
Israel’s economy significantly accelerated in the third quarter, recovering from a plunge triggered by the 12-day war with Iran in June and ahead of the ceasefire in Gaza reached in mid-October. Read More
Gaza’s economy collapse explained: how war pushed 2.3M people into poverty
Gaza’s economy shrank by 83% in 2024, driving 2.3 million people into poverty and wiping out decades of progress, UNCTAD says. Read More
Backlash over Gaza war hits parts of Israel’s economy. Will it last?
Despite Israel’s war in Gaza, its economy grew, due mostly to its strong tech sector. But calls to boycott Israel over the conduct of the war appear to have hit some exports. Will that rage subside if ... Read More
Israel's economy is struggling. Economists say ending the war would help
In Jerusalem’s Old City, nearly all souvenir shops are closed. In Haifa’s flea market, forlorn merchants polish their wares on empty streets. Airlines are canceling flights, businesses are failing and ... Read More
Vance visits Israel and says Gaza's fragile ceasefire is going better than expected
Kiryat Gat, Israel – U.S. Vice President JD Vance and other envoys projected optimism Tuesday about Gaza 's fragile ceasefire agreement, calling progress better than anticipated as they visited a new ... Read More
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