United Nations Report Warns Gaza’s Reconstruction Could Take Centuries Amid Unprecedented Economic Decline
A United Nations report has revealed that Gaza’s reconstruction after the recent military conflict involving Hamas could take centuries, even under the most optimistic scenarios. The report released by the U.N. Conference on Trade and Development (UNCTAD) suggests that Gaza’s recovery to its pre-October 7, 2023, economic state might take up to 350 years.
The study indicates that even if hostilities were to end immediately and the territory reverted to its fragile pre-conflict condition, significant hurdles remain. The region has seen severe economic decline, and according to Rami Alazzeh, the report's author, the slow growth trend from 2007 to 2022 is a critical factor. During that period, Gaza's growth rate averaged just 0.4% annually. At this rate, Alazzeh states, it could take 350 years for Gaza to reach its previous GDP levels.
“The message is that Gaza's recovery depends on the conditions in which it occurs,” Alazzeh said. “We’re not suggesting it will take 350 years because that would mean Gaza never recovers, but the path ahead is highly uncertain.”
Even under favorable conditions, such as an end to military operations, unrestricted movement of goods and people, and substantial investment, the report estimates that Gaza’s GDP per capita might only return to 2022 levels by 2050, given a 10% annual growth rate. The region also faces a 2.8% population growth rate, complicating efforts to improve living standards.
Less than 24 hours after formally accepting a U.S.-backed ceasefire proposal for Gaza, Hamas now says it is still “reviewing” the plan, raising uncertainty over the implementation of a truce aimed at halting months of devastating conflict.
Turkish Foreign Minister Hakan Fidan held separate telephone discussions on Thursday with Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani and senior members of Hamas’ political bureau, focusing on escalating humanitarian and security crises in Gaza and Syria.
French President Emmanuel Macron issued a strong warning Friday that France could toughen its stance on Israel, including the possible imposition of sanctions against Israeli settlers, if humanitarian aid to Gaza continues to be obstructed.
A breakthrough US plan for a Gaza ceasefire, involving a phased hostage-prisoner exchange and humanitarian aid, has gained traction as Hamas agrees to the proposal following Israel’s acceptance.
Israeli Prime Minister Benjamin Netanyahu has informed families of hostages in Gaza that Israel has accepted a new ceasefire proposal put forward by US envoy Steve Witkoff, according to Israeli media reports.
In a landmark moment for artists’ rights, Taylor Swift has officially bought back the master recordings of her first six albums, ending a long-running dispute over who controls her music.
The Centers for Disease Control and Prevention (CDC) confirmed Friday that COVID-19 vaccines are still recommended for healthy children aged 6 months and older—if their doctors agree.
A 61-year-old man in Alaska rescued after being trapped facedown under a massive 700-pound boulder in a freezing glacier-fed creek for three hours.
Two foreign nationals were indicted Friday in California and Wisconsin for allegedly trying to smuggle sensitive U.S. military technology to China and target an American dissident critical of Beijing.
The Federal Aviation Administration has ordered an accident investigation into SpaceX’s latest Starship test flight, which ended with the spacecraft spinning out of control and breaking apart over the Indian Ocean.
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Kyiv faced a large-scale Russian drone and missile assault overnight, with explosions and gunfire echoing throughout the city, forcing residents to shelter in subway stations.
Kazakhstan plans to double container traffic on the Trans-Caspian route in three years, aiming to boost regional and transcontinental connectivity.
Tajikistan has proposed a joint investment fund with Italy to boost regional development across Central Asia.
The 2nd Istanbul World Islamic Economy Summit was held at the Istanbul Financial Center, bringing together leaders and experts from across the Islamic world.
Political dialogue between Azerbaijan and Croatia creates a strong foundation for expanding cooperation in various fields.
Less than 24 hours after formally accepting a U.S.-backed ceasefire proposal for Gaza, Hamas now says it is still “reviewing” the plan, raising uncertainty over the implementation of a truce aimed at halting months of devastating conflict.
In a landmark moment for artists’ rights, Taylor Swift has officially bought back the master recordings of her first six albums, ending a long-running dispute over who controls her music.
The Centers for Disease Control and Prevention (CDC) confirmed Friday that COVID-19 vaccines are still recommended for healthy children aged 6 months and older—if their doctors agree.
A 61-year-old man in Alaska rescued after being trapped facedown under a massive 700-pound boulder in a freezing glacier-fed creek for three hours.
Two foreign nationals were indicted Friday in California and Wisconsin for allegedly trying to smuggle sensitive U.S. military technology to China and target an American dissident critical of Beijing.
The Federal Aviation Administration has ordered an accident investigation into SpaceX’s latest Starship test flight, which ended with the spacecraft spinning out of control and breaking apart over the Indian Ocean.
You can download the AnewZ application from Play Store and the App Store.
