The self inflicted Palestinian Intifada is costing the Palestinian economy US $11 billion, according to PA figures published in Gaza Thursday, Globes reported. I wasn’t aware that the Paleos had an economy, other recycling humanitarian aid into suicide boomers.
Unemployment in the Gaza Strip and West Bank stands at 50%. The figures quoted by Globes also indicate that 84% of the Palestinian population lives in poverty.
The report’s Palestinian authors call the present circumstances as the worst in history of the Palestinians in the territories. Average per capita income for Palestinians in the territories is now only $2 per day.
Meanwhile Israel has far and away the highest GDP in the middle east excepting a couple of oil rich sheikdoms. I wonder why that is?
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