What is the impact of the war in Gaza on the Palestinian economy? | Israelo-Palestinian conflict


The UN warns that the war on Gaza could set back development in the Palestinian territories by more than a decade.

The Palestinian territories depend on Israel for their labor and goods markets as well as basic services like water and electricity.

They are locked in a cycle of underdevelopment caused by decades of Israeli restrictions and occupation.

Palestinian GDP was just over $20 billion last year. For comparison, Israel’s economy is worth nearly $500 billion.

The UN says the war on Gaza could set back development by 16 years.

We look at the high cost of the war between Israel and Gaza.

Additionally, how is the Lebanese economy affected by the fallout from the conflict?

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