Aid cuts may spark Palestinian economic depression
A sharp cut in funding to the Palestinians after Hamas forms a government could push the West Bank and Gaza into deep economic depression and double the unemployment rate by 2008, a new World Bank report showed. Personal incomes among Palestinians could decline by as much as 30 percent this year under the most severe scenario envisioned by the World Bank, which sent a report to donor nations weighing an aid cut-off to a Hamas-led administration. Full Story