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International Business Times
International Business Times
World
AFP News

Palestinian Economy Severely Impacted By Israel-Hamas War: World Bank

Hamas World Bank Israel Economy Gaza
The World Bank estimates that the economic damage from the conflict will be severe (Credit: AFP)

The Israel-Hamas war in Gaza is having a severe impact on the Palestinian economy, according to the World Bank, which now estimates sharp economic contraction this year and next.

The conflict, sparked by Hamas' cross-border attacks on October 7 that killed 1,200 people, according to Israeli figures, and saw around 240 hostages taken back to Gaza, is now dragging on into its third month.

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