Gaza economy 'on verge of collapse', with world's highest unemployment
World Bank report says Israeli blockades, war and poor governance have left 43% of people out of work and the strip facing dangerous financial crisis
Gaza has received only a quarter of the funds pledged by the international community for its reconstruction following last year’s 50-day war between Israel and Hamas. Photograph: Mohammed Abed/AFP/Getty Images
Gaza has received only a quarter of the funds pledged by the international community for its reconstruction following last year’s 50-day war between Israel and Hamas. Photograph: Mohammed Abed/AFP/Getty Images
Smuggling tunnels have been the lifeline of the Gazan economy during the Israeli-Egyptian blockade. Photograph: Antonio Olmos/Antonio Olmos
The economy of Gaza – assailed by war, poor governance and a joint Israeli-Egyptian blockade – has reached the “verge of collapse” with the coastal strip suffering the highest rate of unemployment in the world.
