UN assesses scale of economic crisis in Gaza

The United Nations' leading economic development agency said the Gaza Strip was facing the worst economic crisis in world history. This was reported by Qatari TV channel Al Jazeera.

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Published Sep 24, 2026

UN assesses scale of economic crisis in Gaza

The United Nations' leading economic development agency said the Gaza Strip was facing the worst economic crisis in world history. This was reported by Qatari TV channel Al Jazeera.

Pedro Manuel Moreno, acting secretary-general of the United Nations Conference on Trade and Development (UNCTAD), said 9 out of 10 businesses were destroyed in Gaza and hundreds of thousands of people were out of work.

Moreno said the collapse of the Palestinian enclave’s economy due to Israel’s actions erased decades of development.

In addition, he pointed out that the Israeli actions resulted in a severe economic crisis for the Palestinians.

Source: Московский комсомолец ↗

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