"Almost all of the population" is destitute in the Gaza Strip. Wars and economic blockades have all but destroyed its entire economy, a UN conference has warned. If the trend continues, the territory may become "unlivable" in five years.
The report by the United Nations Conference on Trade and Development (UNCTAD) says that the Israeli war in the Gaza Strip last year drove the country deep into recession and this time recovery may fail to come.
The report states that Gaza’s GDP dropped 15 percent in 2014, 72 percent of households suffered from food insecurity and unemployment stood at a record high of 44 percent.
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