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World Bank: Gaza's Economy on 'Verge of Collapse'

Gaza's economy is on the "verge of collapse" and its unemployment rate is now the highest in the world, thanks to blockades, war and poor governance, according to a new report by the World Bank. The global lender says Gaza's unemployment rate stands at 44 percent. "Even more alarming is the situation of youth unemployment, which soared to more than 60 percent by the end of 2014," it said. "Gaza’s unemployment and poverty figures are very troubling and...

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