In November 2023, the United Nations Development Programme (UNDP) and the United Nations Economic and Social Commission for Western Asia (ESCWA) jointly released a brief, utilizing various analytical tools such as satellite damage assessments and computable general equilibrium (CGE) models based on a 2018 Palestinian social accounting matrix.

This present report provides an update of the November figures and forecasts the potential consequences of the ongoing war outlining three scenarios, each considering an additional 1-3 months of conflict.

Furthermore, it supplements the findings of the United Nations, World Bank and European Union Interim Damage Assessment released on 2 April 2024. While the damage assessment primarily focused on the economy in Gaza, excluding the West Bank, this present report aims to assess the broader economic implications of the war across the entire occupied Palestinian territory.