War has left Gaza economy at almost total standstill, says World Bank
by Larry Elliott Economics editor from on (#6H38J)
Washington-based development organisation providing $20m for citizens suffering multidimensional poverty'
The economy of Gaza has ground to an almost total standstill as a result of the war between Israel and Hamas that has left about 85% of workers without jobs, the World Bank has said.
In an assessment of the economic impact of the two-month long conflict, the Washington-based development organisation said Gaza was operating at only 16% of its productive capacity and is in deep recession".
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