The United Nations Conference on Trade and Development (UNCTAD) warned on Thursday that the Gaza Strip is experiencing the worst economic crisis in the world, as the war destroyed 90% of its businesses and left hundreds of thousands unemployed.
The Israeli extermination war in Gaza caused massive destruction in the region, and even though a ceasefire agreement was reached in October 2025, Israel continues to violate the agreement and shirk its obligations.
Acting Secretary-General of UNCTAD Pedro Manuel Moreno said at a press conference held on Thursday in Geneva that the economic collapse in Gaza represents “the most severe economic crisis recorded in the world.”
