00:30What we see today is extremely worrying.
00:42The prolonged military operation combined with long-standing restrictions has pushed
00:48the economy of the occupied Palestinian territory into its deepest decline on record.
00:54Much of the infrastructure, productive assets and public services have been damaged or
01:04destroyed, wiping out decades of progress.
01:08The result is one of the deepest and worst economic crises seen anywhere in recent decades.
01:18Thank you very much, Mr. Moreno, for setting out the context.
01:22The situation in Gaza is especially severe.
01:26Gaza is going through the fastest and most damaging economic collapse ever recorded.
01:30In 2024, its GDP contracted by 83% compared with 2023, following another sharp drop the
01:44previous year.
01:46GDP per capita fell to just $161 or less than 50 cents per day, among the lowest in the world.
01:57GDP per capita.
02:17It will take many, many years for Gaza to be able to be reconstructed.
02:39Even if we pumped billions every year to the reconstruction of Gaza, GDP will pick up
02:45in a few years to the level it was in 2022.
02:49But it doesn't mean that Gaza will recover because it will take at least the 70 billion
02:54of reconstruction and recovery money.
02:57So it will take decades for Gaza to produce more than it used to produce prior to the conflict
03:03in order to recover fully.
03:06And that's of course if all conditions are in the right direction.
03:10I'mkryah.
03:15It qualityme tracking all the calculations
03:19Now i go to mentre пош blurry the market into Albaqentaride.
03:27Trinity Project
03:28My name is Albaqarah.
03:31My name is PalajiDI.
03:36Touroerme is my name.
03:39Settler violence reduces Palestinian productive activities for obvious reasons.
03:54Farmers are afraid to go to their land and to their fields, and also crops are destroyed
04:01or torched and animals are also affected.
04:05This definitely reduces GDP, reduces food security, but the impact cannot be measured
04:12separately.
04:13You cannot separate it from the impact of all other factors.
04:16It is very hard to separate it and put a number on just the impact of settler violence.
04:22But it is one of many factors that are definitely harming the Palestinian economy and aggravating
04:31the economic problems.
04:33He will provide a more detailed overview on economic impacts and of course, he will provide
04:48a more detailed overview on economic impacts.
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