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The already faltering Palestinian economy further shrank in 2013 and 2014, even without taking into account devastation caused by the recent conflict with Israel, a U.N. development agency said Wednesday.The agency, which produces regular studies of the Palestinian economy, underlined that its latest edition did not take into account the impact of the latest Gaza conflict.UNCTAD warned of "grave consequences" if the Palestinian economy was not brought back on its feet fast.UNCTAD warned of the ongoing "de-development" of the Palestinian economy, reinforced by recurring military campaigns.
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