Gaza facing worst economic collapse ever recorded, UN trade agency warns

Contributing sentiments towards policy:

46% : " Drawing on comments from UNCTAD Secretary-General Rebeca Grynspan, officials said: * 86 per cent of cropland has been damaged * 83 per cent of water wells destroyed * 71 per cent of greenhouses damaged * Only 1.5 per cent of farmland remains usable * 89 per cent of water and sanitation facilities are destroyed Soil contamination from explosives -- detonated and unexploded -- will require major international intervention.
45% : " $70 billion needed to rebuild -- recovery will take decades According to joint estimates by the UN, the European Union and the World Bank, more than $70 billion will be required to rebuild Gaza.
43% : The Occupied Palestinian Territory is now in its deepest economic crisis ever recorded, with Gaza suffering an "unprecedented and catastrophic" collapse, according to a new report from the UN Conference on Trade and Development (UNCTAD) presented in Geneva on Tuesday.
32% : Mr. Moreno said the fiscal situation facing the Palestinian government is now "the worst in its history", driven by collapsing revenues and withheld fiscal transfers, which account for more than two-thirds of Palestinian tax income.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.