{"id":59108,"date":"2024-02-12T07:11:26","date_gmt":"2024-02-12T07:11:26","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/imf-chief-says-israel-hamas-war-devastating-palestinian-economy-daily-times\/"},"modified":"2024-02-12T07:11:26","modified_gmt":"2024-02-12T07:11:26","slug":"imf-chief-says-israel-hamas-war-devastating-palestinian-economy-daily-times","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/imf-chief-says-israel-hamas-war-devastating-palestinian-economy-daily-times\/","title":{"rendered":"IMF chief says Israel-Hamas war ‘devastating’ Palestinian economy – Daily Times"},"content":{"rendered":"
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\"\"The Israel-Hamas war has devastated the economies of both the embattled Gaza Strip and the occupied West Bank, the International Monetary Fund\u2019s chief said Sunday, adding that only \u201cdurable peace\u201d would improve the outlook. \u201cThe Palestinian economy\u2019s dire outlook is worsening as the conflict persists,\u201d managing director Kristalina Georgieva told the World Governments Summit in Dubai. \u201cOnly a durable peace and political solution will fundamentally change it\u201d. \u201cEconomically, the impact of the conflict has been devastating,\u201d Georgieva said. Palestinians brace for Rafah assault as Israel promises evacuation plan. In the war-ravaged coastal territory, economic activity dropped 80 percent from October through December compared with a year earlier, the IMF chief said. In the West Bank, the drop was 22 percent, she added.<\/p>\n

\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Israel-Hamas war has devastated the economies of both the embattled Gaza Strip and the occupied West Bank, the International Monetary Fund\u2019s chief said Sunday, adding that only \u201cdurable peace\u201d would improve the outlook. \u201cThe Palestinian economy\u2019s dire outlook is worsening as the conflict persists,\u201d managing director Kristalina Georgieva told the World Governments Summit in 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