Israeli blockade hampers Gaza economy
Al Jazeera English
2012-05-25
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The UN Relief Works Agency for Palestine Refugees in the Near East, UNRWA, says in a new report that broad unemployment in Gaza in the second half of 2010 reached an unprecedented 45.2%, one of the highest rates in the world.
It has been exactly four years since Hamas took over the Gaza Strip, prompting Israel to impose even tougher restrictions.
With the economic blockade entering its fifth year, many young Gazans are resigned to taking whatever work they can get.
According to a UN report, it has created a drastic situation where half of all adults in the Gaza Strip are unemployed.
A brave few are betting on Gaza's borders opening but if the political stalemate goes on- those hopes could soon be swept away.
Al Jazeera's Nadim Baba reports.
It has been exactly four years since Hamas took over the Gaza Strip, prompting Israel to impose even tougher restrictions.
With the economic blockade entering its fifth year, many young Gazans are resigned to taking whatever work they can get.
According to a UN report, it has created a drastic situation where half of all adults in the Gaza Strip are unemployed.
A brave few are betting on Gaza's borders opening but if the political stalemate goes on- those hopes could soon be swept away.
Al Jazeera's Nadim Baba reports.
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