Consider spending money on something other than rockets and tunnels? Gaza’s economy ‘on verge of collapse’ says World Bank

How much did these cost?

Repeated rounds of conflict, internal divisions and the embargo Israel and Egypt impose have left the territory “on the verge of collapse,” the report sad, with its 1.8 million population facing poverty and destitution despite vast aid.

“Blockades, war and poor governance have strangled Gaza’s economy and the unemployment rate is now the highest in the world,” said the report, drafted by Steen Lau Jorgensen, the World Bank’s director for Gaza and the West Bank.

It is to be presented in Brussels on May 27.

“Gaza’s exports virtually disappeared and the manufacturing sector has shrunk by as much as 60 percent. The economy cannot survive without being connected to the outside world”…


Boo hoo! They brought this on themselves 100%.  

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