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Erosion of Gaza's economy accelerates amid Israeli military operations, ongoing blockade – UN

Erosion of Gaza's economy accelerates amid Israeli military operations, ongoing blockade – UN

Sep 04, 2014, at 02:56 pm

New York, Sept 4 (IBNS) Even before the latest crisis in the Gaza Strip, the tiny enclave's local economy was in a state of total collapse, chiefly due to the accumulated impact of a crushing seven-year blockade and two devastating Israeli military operations in November 2012 and December 2008, according to a new United Nations report out on Wednesday .