Gaza suffers world's worst ever economic crisis: UN

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The UN reports that Gaza is enduring the worst economic crisis in its history, with 90% of businesses destroyed and high unemployment following military offensives in 2023. A fragile ceasefire since 2025 has not alleviated the severe economic devastation experienced by the territory's two million inhabitants.

Gaza is suffering the world's worst economic crisis ever recorded, with nine in 10 businesses destroyed and hundreds of thousands of people unemployed, a top UN development agency warned on Thursday. Israel's military offensive sparked by Hamas militants' attack in October 2023 devastated the territory of two million people before a patchy ceasefire was announced in October 2025.