Gaza’s Economic Crisis Sends Territory Into Poverty and Chaos
by TRNN
May 1, 2019
Life and the economy in Gaza are in a shambles. In 2018, the World Bank warned the economy of the Gaza Strip had shrunk by eight percent. They’re facing a major crisis that also deepens the Palestinian-Israeli crisis. This has all occurred despite the reality that Israel dismantled and removed its settlements from Gaza.
The Palestinians in Gaza are now living through the longest pause between Israeli invasions though Israel’s economic war and blockade and sanctions have continued with a devastating effect. While the Israeli invasions of 2008, 2012, and 2014 killed thousands and destroyed property and infrastructure, the World Bank report shows that the economic damage inflicted on Gaza has intensified when the tanks have stopped rolling.
Dr. Omar Shaban discusses the World Bank report on the shrinking Gaza economy and how Israeli sanctions and restrictions have destroyed a once thriving economy.
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