Israel Bombardment Causes 86% Decline in Gaza GDP: IMF

A year Israel’s bombardment of Palestine has severely impacted the economy of Gaza, according to the International Monetary Fund (IMF). The IMF reported a nearly 90% drop in Gaza’s Gross Domestic Product (GDP) in the first half of 2024 due to the ongoing bombardment. IMF communications chief Julie Kozack stated, “Preliminary official estimates indicate an …

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