The United Nations has issued a stark warning about the dire situation in Gaza, emphasizing that the territory’s survival is at risk following years of conflict and destruction. According to a new report by the UN Trade and Development agency (UNCTAD), rebuilding Gaza will require over $70 billion and could span several decades. The report highlights an ‘unprecedented collapse’ of the Palestinian economy, driven by sustained military operations and severe restrictions on movement and trade. The UN describes the devastation as a ‘human-made abyss,’ with critical pillars of survival—food, shelter, and healthcare—severely compromised. The conflict, which began after Hamas’s attack on southern Israel in October 2023, has resulted in over 69,000 deaths in Gaza, according to UN-verified figures. The report underscores the cascading crises—economic, humanitarian, environmental, and social—that have pushed Gaza from de-development to ‘utter ruin.’ Even with optimistic projections of double-digit growth and substantial foreign aid, it could take decades for Gaza to return to pre-2023 welfare levels. UNCTAD calls for a comprehensive recovery plan, including coordinated international assistance, fiscal restoration, and measures to ease trade and investment constraints. The agency also advocates for a universal emergency basic income to address extreme impoverishment. Gaza’s economy contracted by 87% between 2023 and 2024, reducing its GDP per capita to $161, one of the lowest globally. The West Bank has also suffered significant economic decline due to violence, settlement expansion, and mobility restrictions, marking its worst economic downturn since UNCTAD began record-keeping in 1972.