Gaza War: Expected Socio-Economic Impacts on the State of Palestine – May 2024 – ESCWA and UNDP Report

23 May 2024

This policy brief provides an update of the ESCWA-UNDP joint initial rapid assessment titled ‘The Gaza War: Expected Socio-Economic Impacts on the State of Palestine’, which was released in November 2023 and estimated the impacts of the war on the State of Palestine and on Gaza, for the first three months. Using ESCWA computable general equilibrium (CGE) model simulation the updated assessment estimates the impacts at six months, with projections for seven-, eight- and nine-months scenarios of war on major social and economic indicators including on GDP, poverty, unemployment, as well as on the human development index. The brief also includes figures and projections related to the scale of death and destruction, prospective reconstruction, and its inter-generational effects.