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The Guardian - UK
The Guardian - UK
World
Larry Elliott Economics editor

War has left Gaza economy at almost total standstill, says World Bank

Palestinians wave their identity cards as they gather to receive flour rations from the United Nations Relief and Works Agency for Palestine Refugees on 12 December.
Palestinians wave their identity cards as they gather to receive flour rations from the UN on 12 December. Photograph: Mohammed Abed/AFP/Getty Images

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 was in “deep recession”.

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