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The occupied Palestinian territories have experienced an unprecedented economic collapse due to Israeli military actions, according to a UN report released on Thursday. The humanitarian situation in the Gaza Strip, where war has been raging ever since the October 7 attacks on Israel, is “beyond catastrophic,” the UN has repeatedly said. The UN Conference on Trade and Development (UNCTAD) in Geneva said that in the last quarter of 2023 the Gaza Strip’s gross domestic product (GDP) “has plunged 81%, leaving its economy in ruins.” This corresponds to a 22% decline for the entire year. This summer…

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