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Gaza's Economy on Verge of Collapse

It's been just over two months since the militants of Hamas seized control of the Gaza Strip from forces loyal to Palestinian President Mahmoud Abbas. Since then, Israeli troops have maintained a tight blockade of Gaza. Food and other humanitarian goods are allowed to enter the territory, but virtually nothing else gets in, and no Palestinian exports are allowed out. U.N. officials warn that the Gaza economy is on the verge of collapse.

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