The territory’s only remaining source of income is foreign aid Israel’s conflict with the Palestinian militant group Hamas has completely destroyed Gaza’s economy, CNBC reported on Thursday, citing experts. According to the report, the current escalation of the conflict, which started on October 7, has deprived the territory of its sole source of income – access to Israel’s labor market. Over the past month, approximately 182,000 Gazans have lost their jobs, representing 61% of its workforce, according to the International Labor Organization. With the enclave’s unemployment rate one of the highest in the world at
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