Middle East Monitor, 29 September 2015
A UN report issued by the World Bank revealed on Monday that the decline in aid from donor countries, last year’s war in the Gaza Strip and the freeze of tax revenues due to the Palestinian Authority during the first trimester of this year have caused severe damage to the Palestinian economy. According to the report, the Palestinians have been getting poorer over the past three years as a result of the political, security, economic and social conditions imposed on them.
[...] The report pointed out that a quarter of the Palestinians are living under poverty conditions while the unemployment rate in the Gaza Strip exceeded the barrier of 60 per cent in addition to the low GDP per capita. The Palestinian Central Bureau of Statistics said that the unemployment rate in the Palestinian territories as a whole is nearly 25 per cent. The UN Conference on Trade and Development (UNCTAD) report, meanwhile, revealed that 72 per cent of Gaza's population suffer from food insecurity.