# World Bank
Latest news and articles about World Bank
Total: 3 articles found
Gaza’s Ghost Economy: The Total Evaporation of Work in a Decade of Ruin
Gaza’s unemployment rate has reached a staggering 80% as the local economy faces total collapse following years of conflict and infrastructure destruction. With 95% of the population now dependent on humanitarian aid and 80% of industrial facilities destroyed, experts warn that economic recovery will likely take decades.
Gaza’s Economic Ghost: The Human Cost of an 80% Unemployment Rate
Gaza's economy has reached a near-total collapse with unemployment hitting 80% and 100% of the population requiring humanitarian aid. The destruction of nearly all industrial infrastructure and the loss of middle-class livelihoods suggest a recovery period spanning decades.
A Decade of Ruin: The $71 Billion Price Tag for Gaza’s Reconstruction
A joint report by the EU, UN, and World Bank estimates that Gaza requires $71.4 billion over ten years to rebuild following an 84% economic contraction. The destruction includes over 371,000 homes and the majority of the territory's health and education infrastructure, necessitating $26.3 billion in immediate aid.