Friday, June 25, 2010

Economic growth in Gaza

"World Bank figures due to be published in coming weeks are likely to show that economic growth in the Gaza Strip in the first quarter of 2010 has exceeded that in the West Bank. While virtually all economic growth in the West Bank is a result of foreign aid, much of the growth in Gaza is attributable to a "parallel economy" that has emerged thanks to the tunnels. This has even created a small new class of nouveaux riches in Gaza." (thanks Olivia)