Read in
The already poor living conditions in the Gaza Strip have been steadily deteriorating in recent months. Sanctions by the Palestinian Authority (PA), and its failure to achieve reconciliation with Hamas and lift the Israeli siege, have significantly worsened the situation.
According to a World Bank report issued Sept. 25, "The economy in Gaza is collapsing, suffering from a decade-long blockade and a recent drying up of liquidity." It said, "The result is an alarming situation with every second person living in poverty and the unemployment rate for its overwhelmingly young population at over 70 percent." Total unemployment in Gaza stands at 53%.
