Gaza's Economy Collapses as Unemployment Hits 80%

The Israel-Hamas conflict has devastated Gaza's economy, plunging nearly all residents into poverty, according to the UN.

The International Labour Organization reports that Gaza's economic output has shrunk by 85% since the conflict began a year ago.
Unemployment in the West Bank has also risen sharply, averaging nearly 35% over the past year.
More than two-thirds of Gaza's buildings have been damaged or destroyed, severely impacting economic activities.
The conflict has led to soaring inflation in Gaza, with prices increasing by 248% year-on-year as of August.
Violence and trade restrictions in the West Bank have further strained the region's economy and labor market.