The economic cost of the Israeli military campaign in Gaza on Arab neighbours Lebanon, Egypt and Jordan could rise to at least $10 billion this year and push more than 230,000 into poverty, according to a UN study.
The study, commissioned by the United Nations Development Programme, said the cost of the war for the three states in terms of loss of GDP may amount to $10.3bn or 2.3 per cent, and could double if it lasts another six months.
“This is a massive impact,” Abdallah Al Dardari, UN assistant secretary-general and UNDP’s director of the Regional Bureau for Arab States who led the study told Reuters.
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