The UN warns that Gaza is experiencing the worst economic crisis ever recorded, citing severe business losses and widespread unemployment. The UN development agency says nine in 10 businesses have been destroyed, leaving hundreds of thousands of people without work.
The accounts tie the economic collapse to the destruction that follows Israel’s military offensive, which begins after Hamas militants’ Oct. 2023 attack. The reports describe how the conflict devastates the territory home to about two million people. One outlet also notes that a ceasefire is announced in October 2025, described as “patchy,” as the fighting’s disruption continues to shape economic conditions. Across the two sources, the central focus remains the scale of damage to businesses and labor opportunities, based on the UN’s assessment.
