top of page
Writer's pictureAsghar Kamal

Gaza's Economy in Ruins: The Devastating Impact of Ongoing Israeli Attacks on the Region



Unveiling the Dire Consequences for Gaza's Mercantile Establishments and Industrial Sector

"The potential spread of the conflict to neighbouring countries could set the stage for a catastrophic global confrontation, demanding urgent diplomatic interventions." – Asghar Kamal

An in-depth analysis of the economic and human toll of Israel's relentless assaults on Gaza, emphasizing the urgent need for international aid and long-term recovery efforts.


The Gaza Strip, a densely populated coastal enclave of approximately two million Palestinians, has long borne the brunt of the Israeli blockade imposed in 2007. This blockade severely restricted the movement of people and goods, including essential services such as electricity, water, healthcare, and education. Additionally, the restrictions hindered the reconstruction of thousands of homes and infrastructure that were previously destroyed or damaged by Israeli military offensives.


The latest surge of violence in May 2021 further exacerbated the plight of Gaza's inhabitants, leaving its economy and livelihoods in ruins. Israeli airstrikes and artillery shelling targeted numerous vital structures, including residential buildings, health facilities, media offices, schools, and roads, resulting in the tragic loss of over 250 Palestinian lives and the displacement of more than 100,000 individuals. The United Nations estimated the damage to Gaza's physical infrastructure at approximately $290 million, with an additional $200 million in economic losses.



Gaza's economy, already teetering on the brink due to prolonged conflicts, was dealt a severe blow, with numerous businesses forced to close and essential infrastructure decimated. The bustling streets of trade were transformed into scenes of destruction, leaving the population to grapple with dire living conditions and limited resources. Rampant unemployment and restricted access to basic necessities further exacerbated the challenges, dimming the hopes of a better future for the next generation.


However, the aftermath of the attacks extended far beyond the economic realm, profoundly impacting the lives of every individual in the region. The humanitarian crisis worsened, with acute shortages of food, water, fuel, and medicine, pushing more than one million people to the brink of hunger. The already strained healthcare system struggled to accommodate the surge of wounded individuals, alongside the ongoing challenges posed by the COVID-19 pandemic. With an erratic power supply of only four to six hours per day and a severely damaged water and sanitation system, more than 40% of Gaza's population had no access to safe drinking water.


Despite the international community's pledges to support Gaza's reconstruction, the ongoing Israeli blockade and restrictions impeded the timely delivery of crucial aid. The United Nations urged the immediate lifting of the blockade and an end to the persistent cycle of violence and impunity. Additionally, the UN emphasized the need for meaningful negotiations to address the underlying causes of the conflict and ensure the rights and dignity of both Palestinians and Israelis.


This article sheds light on the urgent need for sustainable international aid and comprehensive rebuilding measures to restore normalcy to Gaza and pave the way for lasting peace in the region.



Comments


bottom of page