In the wake of the recent conflict between Israel and Gaza, the economic toll on both sides has been severe. The latest episode of “Counting the Cost” highlights the devastating impact on Israel, where more than 40,000 businesses are expected to go bankrupt in the coming months.
One of the hardest-hit sectors is tourism, which has ground to a halt in the face of ongoing violence. The closure of borders and travel restrictions have decimated the once-thriving industry, leaving many businesses struggling to stay afloat.
The wider economic repercussions of the conflict are also being felt across Israel, with unemployment rates on the rise and government spending on security measures skyrocketing. The cost of rebuilding infrastructure and providing aid to affected communities will only add to the financial strain of the country.
While the immediate focus may be on the human cost of the conflict, it is crucial to also consider the long-term economic consequences. As businesses shutter their doors and job opportunities dwindle, the road to recovery for Israel will be a challenging one.
As the world watches the events unfold in the Middle East, the economic toll of Israel’s war on Gaza serves as a stark reminder of the far-reaching impact of conflict on both individuals and nations as a whole.
Watch the video by Al Jazeera English
Video “What’s the economic toll of Israel’s war on Gaza? | Counting the Cost” was uploaded on 09/12/2024 to Youtube Channel Al Jazeera English