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

Washington-based development organisation providing $20m for citizens suffering ‘multidimensional poverty’

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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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