This is an entry from: Gaza live: Israeli protesters demand ceasefire as war enters 10th month
Palestinian economy contracts by 35 percent in first quarter of 2024: report
27 June 2024 12:46 BST
The State of Palestine's overall gross domestic product (GDP) has declined by 35 percent in the first quarter of 2024, the Palestinian Central Bureau of Statistics (PCBS) reports.
There was a stark difference between the West Bank, which witnessed a 25 percent decline, and the Gaza Strip, where the number was 86 percent amid the ongoing Israeli war.
The manufacturing sector decreased by 29 percent in the West Bank and 95 percent in Gaza, while the construction sector decreased by 42 percent in the West Bank and essentially collapsed in Gaza, with a 99 percent decrease.