The economic fallout of the Gaza War
As a ceasefire deal has been reached between Israel and Hamas, Yuka Royer takes a look at the economic and social costs of the war in Gaza.
The United Nations has repeatedly warned about famine spreading across the territory, with food inflation reaching more than 400% and real GDP shrinking by 86% in the first half of 2024. Meanwhile, the Palestinian Authority has also been facing worsening fiscal challenges due to a large part of its tax revenues withheld by Israel.