Palestinian economy remains in deep recession amid Gaza collapse: report

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Palestinian economy remains in deep recession amid Gaza collapse: report

2025-12-28 13:56 Last Updated At：12-29 13:34

The Palestinian economy has continued to suffer a deep recession in 2025, according to a joint report released by the Palestinian Central Bureau of Statistics and the Palestine Monetary Authority.

The report highlighted a staggering 84 percent drop in gross domestic product (GDP) in the Gaza Strip compared to 2023, describing economic activity there as on the verge of "complete collapse." Meanwhile, the West Bank's economy shrank by 13 percent.

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Palestinian economy remains in deep recession amid Gaza collapse: report

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Palestinian economy remains in deep recession amid Gaza collapse: report

Unemployment in Gaza has surged to over 77 percent, according to the report.

Uruguayan president reiterates firm adherence to one-China principle

Firmly upholding the one-China principle is Uruguay's indisputable national tradition, said President of the Oriental Republic of Uruguay Yamandu Orsi in an interview with China Media Group (CMG) released on Friday.

Orsi made his first state visit to China from Feb 1 to 7, coinciding with the 38th anniversary of the establishment of diplomatic relations between the two countries.

During the interview in Shanghai, Orsi stated that Uruguay has consistently upheld the one-China principle.

"What I have inherited is an indisputable national tradition. The decision made by then President Julio Maria Sanguinetti was to establish (diplomatic) relations with China and to sever the so-called diplomatic ties with the other side (Taiwan). Uruguay has consistently stated and upheld this position on all occasions. The previous president who visited China also repeatedly emphasized that there is only one China. Based on our long-standing commitment to principles of multilateralism, peace, dialog and respect for sovereignty, we have always maintained the same position: there is only one China in the world," Orsi said.