One year after the war between Israel and Gaza, the economic repercussions are still being felt in the region. In a recent episode of Money Works, the show delved into the impact on the economies of Gaza, the Occupied West Bank, and surrounding areas.
The conflict between Israel and Gaza has had a devastating effect on the economies of both regions. The destruction of infrastructure, homes, and businesses has led to a sharp decline in economic activity. The loss of life and displacement of populations has also created a humanitarian crisis, further straining the already fragile economies.
In Gaza, where the majority of the fighting took place, the economy has been hit the hardest. The devastation caused by the war has led to a significant decrease in employment opportunities and a rise in unemployment rates. The destruction of homes and businesses has also had a ripple effect on the local economy, with many businesses struggling to recover from the damage.
The Occupied West Bank has also seen a decline in economic activity as a result of the war. The conflict has disrupted trade and commerce in the region, leading to a decrease in revenue for businesses and a rise in poverty levels. The continued political instability in the region has also hindered economic growth and development, making it difficult for businesses to thrive.
As the economies of Gaza, the Occupied West Bank, and surrounding areas continue to struggle in the aftermath of the war, it is clear that the impact of the conflict will be felt for years to come. It is crucial for international support and aid to be provided to help rebuild the economies of these regions and support the local populations in their recovery efforts.
Watch the video by Al Jazeera English
Video “The cost of Israel’s war on Gaza | Money Works” was uploaded on 10/10/2024 to Youtube Channel Al Jazeera English