The international financial institution clarified that the figures are a preliminary assessment of the damage caused to the Palestinian economy since October 7, when the conflict broke out.

It warned that the estimate may be adjusted depending on the duration of the conflict and its consequences.

The World Bank estimated that the conflagration intensity will decrease next year; it predicted that Israel will impose severe restrictions on the movement and entry of people and goods into Gaza, which will affect economic activity and trade.

The Palestinian economy has been in near stagnation since the outbreak of the conflict, increasing the risk of a lasting effect on its future and higher levels of poverty, the Washington-based institution stated.

ef/iff/jf/rob