The conflict in Gaza has devastated the Palestinian economy, which is now 35 per cent smaller than it was at the start of Israel’s invasion a year ago, while development levels in Gaza itself have collapsed to the level of the 1950s, the UN’s development agency said, Reuters reports.

Launching a new study on the socioeconomic impacts of the conflict, which Palestinian officials say has claimed more than 42,500 lives, the UNDP’s Chitose Noguchi said that by some measures the region’s poverty level was now approaching 100pc as a result of the disruption, with unemployment now at 80pc.

“The state of Palestine is experiencing unprecedented levels of setbacks,” she said over a crackling line from Deir Al-Balah. “For Gaza, reversing development by an estimated 70 years to 1955.”

Opinion

Editorial

Growth below target
15 May, 2026

Growth below target

Pakistan lacks the export-oriented industrial expansion that has driven sustained high growth in other economies.
Limited openings
15 May, 2026

Limited openings

FOR years, even the smallest suggestion of engagement with Pakistan would trigger outrage in India’s political...
Meetings denied
15 May, 2026

Meetings denied

FORMER prime minister Imran Khan and his wife, Bushra Bibi, continue to be held incommunicado inside Adiala Jail....
Trump in Beijing
Updated 14 May, 2026

Trump in Beijing

China is no longer just a rising economic power.
Growing numbers
14 May, 2026

Growing numbers

FORWARD-looking nations do not just celebrate their advantages; they turn them into tangible gains. They also ...
No culling
14 May, 2026

No culling

CRUELTY implies an administrative failure to adopt humane solutions. Despite the Lahore High Court’s orders to use...