112. Cost of war: Palestinian economy will need decades to recover and rebuild
The Weekly Tradecast looks at the devastating impact of the Israel-Gaza war on the Palestinian economy with Rami Alazzeh, an expert in conflict and development economics at UN Trade and Development (UNCTAD).
On October 7 last year, Hamas militants launched a deadly assault on Israel, killing about 1,200 people and taking more than 250 hostages.
Since then, the response by Israel's military has killed more than 40,000 Palestinians in Gaza. Much of the tiny territory has been reduced to rubble and most of its 2 million people have been displaced in a humanitarian crisis. A new report by UN Trade and Development says the economy in Gaza has collapsed and few people have any work.
Beyond Gaza, Palestinians in the West Bank are increasingly feeling the effects of the war on trade, tourism and jobs.
Tune in to UN Trade and Development’s Rami Alazzeh to hear more about the economic impact and what it will take to help the Palestinian economy recover and rebuild.
