Gaza
UN declares Gaza suffers worst economic crisis ever recorded
Image credit: Al-Monitor
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The United Nations Development Programme warned Thursday that Gaza faces the world's worst economic crisis on record, with nine in 10 businesses destroyed and hundreds of thousands unemployed, Al-Monitor reported. The assessment marks an unprecedented economic collapse in the territory following months of conflict and destruction.
The scale of business destruction and joblessness has created conditions unmatched in modern economic history, according to the UN agency's evaluation. The crisis threatens the territory's basic economic functioning and livelihoods across the population.
