Thursday, February 10, 2011

Siege debilitates Gaza economy, UN says unemployment rate has risen to 45% since Israel "eased" the siege

Maan News Agency - The unemployment rate in Gaza has continued to climb in 2011, reaching 45.4%, UNRWA spokesman Chris Gunness told reporters in Gaza City on Wednesday.

At a news conference for the UN Relief and Works Agency, Gunness warned that the increasing unemployment was a sign of a hugely fragile Gaza economy, which he described as on the "brink of collapse."

Israel's continued siege on the coastal enclave, Gunness warned, would push the economy over the edge...  Read more