Unification. As soon as we had these 4 cases, the id, uh, they were deemed a pilot for a program that would uh introduce even more positive. The developments and the, the children were taken to the uh, and their families hosted in the godaddy embassy and moscow, whether inpatient happened and then, and through the help of the diplomatic stuff that they could do to magic stuff. They went to their final destination. Paula is running low and Justice Policy and unlikely since you show us the term and Office Despite being projected to in most states in sundays general election with almost all votes counted the march wing p. R. S is set to win 36 percent of the votes, opposition policies led by full but the chief total task of more than 53 percent task is called of the most important since the 4 of the come of coming is an impulse, as well as taking off a look now the lights, developments in the gauze of bolts is rarely strikes, of kills mold in 2800. 00 pile of sydney. And since the conflict began, 1. 00 and 3. 00 of them are children, more than a 1000 killed. And just 9 days, israel has killed more palestinians in 9 days, then its forces date in 50. 1 days of will. On garza back in 2014. The number of israelis killed and how much military operation now stands at 1400, including 299 soldiers is where the army says that 199 counts as a being held by boston garza. How must itself is pretty that number between 20250 captives that fit for me. Roll back, you can find more a website out there. Dont come come to the cost of the so many politicians want to be the republican partys candidate for the any stand, a chance it gets donald trump, if our planet is burning and were running out of time, why arent we doing more to deal with Climate Change our american politics just getting to your wife, into a screen for most americans, because it can look you as part of the bottom line, the why money inside this is counting the cost on al jazeera, uniquely look at the world of business and economics this week, and time neighborhoods destroyed no electricity fuel food, water as well and poses a total located on gauze, is moving 2300000 palestinians also this week, as well as economy faces new on substances from the gospel, we take a look what it could mean for israel economy and for the 1st time in 50 years, the m s. M. Will bank, who but annual meetings . Only applicant confidence, discussing economic growth, Climate Change debt, and any quotes israels declaration, if new on guns are following a surprise ministry offensive by how most has jolting Global Financial markets, oil prices surge. If the forwarding again to 70. 00 a barrel is physical wind, a regional conflict to called Goldman Sachs full cost, the brent crude could climb to a 100. 00 a barrel by june. If the conflict drags on High Oil Price would further complicate efforts to contain inflation and a fragile Global Economy. But what is the initial cost of the war on the gone . So strip and on israel, lets take a look. First of the grim humanity, ariens and Economic Situation in gaza. The goal is the strip has been on the and is rarely a land and sea blockade since 2007. It is one of the most densely Populated Areas in the world move in the 2300000. 00 palestinians live in an area of around 365. 00 square economics is United Nation says the Unemployment Rate in gaza is one of the highest in the world 70 percent of the young graduates dont have jobs and navy hosp the population is out of luck. 64 percent of households are classified as food in secure and depend on humanitarian aid. The situation in gauze and before the war was already done, its now expected to get even worse. Is 2300000 residents where the face shortages of more test food and fuel on a daily basis. 40 percent of the water supply is lost on the way to consume is due to the crumbling infrastructure system. More than a 112000. 00 families without the regular Food Supplies because of these rarely as strikes and the 4th closure of you and release. And what agency, Food Distribution centers, electricity and fuel show which is a crippling farming and fishing meetings is even less food. And the only local electricity producer has shut down often running out of fuel, as well as wells cart. Menissi operation against garza is not the fuss between 282021. Israel launched full major offensive in the besieged enclave. Viscount effect palestinian say is different. In the past 5 days of israels bombardment, at least 330000 people fled that homes. And none of that is likely to rise because it is going to need billions of dollars for the reconstruction of homes, businesses, water, and electricity infrastructure. As well as the hospitals that have been damaged or destroyed by is really strikes. Now back in 2021. These really ministry offensive destroyed 1500. 00 Housing Units and costs the goals, the economy moving 479000000. 00 from 2006 to 2022 garzas agricultural sector. Last about 1300000000. 00 as a result of israels blockade. And multiple attacks to, to discuss the old of this on joined by bus inquiry from armada and the occupied westbank. Hes a form of Palestinian Economy, minnesota. Im currently the ceo of the pharma cat group. Thank you so much for your time, sir. So israel has now imposed a complete fees on garza and that includes the bind food, electricity and fuel entering the the strip. Give us a sense of what impacts that is likely to have on the people and the families that live in gaza. What youre seeing and goes up to date simply but, and this has happened over the past 6 days. A simply was crimes, and the situation is really a diet. I am in Constant Contact with the, our staff there. We have 22. 00 employees that it, 2 of them have most at homes. One of them the has just small damages. But the, youre speaking about the whole neighborhood being wiped out. It is happening is unprecedented. And the needs to be stopped. Golf, a sole power station has now run out of fuel without fuel. How does a population survive . Well, uh, i would like to emphasize the fact that even before the slightest war, because a has been suffering from huge power shortages and maximum for hours. So people in gaza have depend on the generators, but the 5 to generate those that, that they can and get a case for the 4 hours of, of like just a date. Now what is happening is that also these private generators have either even being blown up by the explosions, by the end bombardment, or, or have one of the few of the weve been in contact with the main hospital in gaza. See for hospital and the telling us that the also having severe problems that tell us a bit more about the medical situation there because the hospitals rely on aid coming in and that is not happening. No, thats true. Unfortunately, it is not coming through and the, the month it goes to us, it is definitely very dialed it does. It has only to small. The fact that is for the manufacturing pharmaceuticals, i was in contact with the, with the 2 factories. And of course, none of them are working what if it was severely damaged . So the situation for medicines is as becoming also bio and a less. And we can push for the him to tell you in the relief to start entering into gaza. Definitely, there would be lots of huge catastrophes for them, for the people that are due to the lack of medication, 300000. 00 people in total so far i believe have been displaced from their homes wherever these people go in because theyre obviously not allowed out of tanza, what were seeing is that the school is a public buildings. They of course, the government buildings, but other buildings under the web. Buildings are becoming the only refuge for people that and the, the bombardment. This time is started at this cost of the right to undermine neighborhood. For those of you who dont know guys, uh they might be. But who is that . What you can describe look a bit more an upscale neighborhood in gaza. It is not the refugee camp in them inhabits, instead of in the middle class or the home of the class, a and the some of the buildings, dad, or must have story buildings and the youre seeing the head to the heart core of the guys, the community the headquarters because of society. So what did people go . This is a very good question i, i was in contact with a doctor friend of ours, and he has do with citizens. He has a greek citizenship. And through the embassy, they evacuated him to go to the ha jack point to go to egypt. And on the before that each stuff with like one or 2 kilometers is going back to the, the check point that they bought the crossing. And so basically i called him back, he said with no back in the, in gaza. And the neighborhood is almost completely devastated and destitute. We dont know where to go. Mister cory, many thousands. What any living by working in israel hearing now reports, many of these jobs have now been terminated. What impact is that going to have on the economy and gaza as a result of the shortage of labor shortage is or isnt allowed around 15000. 00 laborers to work in is a this became the most influential and most it is source, most important source of income for thousands, however, it could hardly make a dent, and the cost of a few of the economy of gaza is especially with the situation over there that has been and pushing for the decades. But still it became a very important source of income. And its important to point out that before the last war, as of a new, efficient 70 percent of people of gaza depended on the date from, from different places. The. Its the, the situation, unfortunately a with, with these labels is very bad. We are not getting many of those labels in to testing and to, to the, in westbank different cities. So its also another human catastrophe that is coming here. And youre speaking about the thousands of people that are left with nothing in the west bank and the families on the, on the receiving end of bombardment in gaza. So its, its, the situation for them is very about. Thank you so much for your time. But the inquiry from armada and the occupied westbank for my Palestinian Economy minister, thank if its rarely, stokes and bones fell up to how much launched its military operation. And many businesses and schools have remain closed. American airlines and some european carriers have suspended slides. Israel, well, governments have deadlines to be capital when flying in is really space. Analysis by rate of bulk switch specializes in navigational data, shows that about 30 percent of slides too, as well, where cancelled in 3 days. 1000 of the 3000 flights shut duel between saturday, october the 7th, when the will begun and wednesday, the 10th were grounded. On the other hand, the central bank announced it was setting up to 30000000000. 00 in foreign was of the show up the national car and see the shackle is riley car and c has already lost roughly 9 percent of its value compared to the us dollars so far this year and is now full in to a 7 yet know. Joining us from london now is iran yesterday of a member of the center for micro economics. It belong in school of economics. He is also an economics professor at the a town burglar school, if economic at tennessee university. Thank you so much for your time. 300000 old re as rarely as have been taken out of the workforce to find in this will presumably that will have an impact on, as well as the economy. Before we discuss economic costs, let me point out the obvious. The real big cost of the human cost is ro, children, women and men have been killed, had been kidnapped, have been wounded. Garza is being bombarded and people are killed. There. There is to terrible human suffering and this succeeds by far, any cannot be costs as were going to talk about. And as to your question, yes, it can be something in the order of almost 10 percent of the work force that could be mobilized to the war rather than doing normal work. And tell us a bit about these reserve is what, what all the edge on. So if they are not doing those jobs, what sort of impact are we talking about . They come from all over the economy. Its not restricted to one particular sector and the economic costs, but as well in this context is due for on the one hand you news, the output produced by these people into various industries. On the other hand, you have to finance their mobilization into the war effort, which is obviously costly. Its not that the interest fight will do any duty they use military capital. They need to be paid by the government and so on. So its that you lose output and you create expensive. Were seeing the current seeing the shackle. Take a bit of a hits. Its folded into a 7 year know over the last few days. What is your outlook for the currency . Basically on pessimistic about currency, although with current c markets, its very dangerous to full cost. The short term, even the long term is pretty difficult. The shot kind of has been depreciating since the beginning of the year because of the very substantial negative political developers within israel. So each went from around 3. 00, roughly a bit less at the end of 2020 to 2. 00, over 380. 00 uh, recently before the war. And now it has shot up to the region of 395. 00 going on to for i believe you to attach for shackles to the dollar at some point. So its a combination of factors for you or, and war. I dont see the shackles trending by very much. The possibility of that is remote at this stage i, the st. The uncertainty is all far will the depreciation go . Well, the 2nd of the appreciate substantially more or much less so, but i dont see a real possibility soon of an appreciation of the shadow. Right, and presumably the same sort of reasoning will Impact Investment in invest a sentiment as well. Exactly, investment has been fully free war because of the grace political developments, especially investments in the high tech sector. And investment will surely full. Uh now, oh, continue to fall or the full will be worse. But obviously that depends a lot on the severity of the duration of the war, which at this moment is very unclear. We talked about the cost of the war on israel. The us has Just Announced an additional 8000000000. 00 in aid to israel. But obviously with the ongoing one, ukraine. Now this will, how long realistically do you think the United States and all those will continue to provide that sort of Financial Assistance to as well as well in normal times, any recent decades is around, it has not really needed at all. And the american assistance and the assistance that was there was mostly for military purchases and a big chunk of it was actually on american exporting funds. So it benefit to the us as well is really, is no longer this poor economy reliant on the us. And in fact, it is running normal times can stop us assistant altogether, and i would actually advise is riley government to do so. The Current Situation may be helped by us assistance, but i view it more as a political gesture and a signal of support rather than any major us economic a. Again, israel is not in the situation of a few decades ago where hes actually really needs american assistance. That said, there is a point about munition in arguments that what is what is in need of us assistance. And that again depends on the duration and the severity of the war. For example, if the war extends to because the law 11 and to conflict with the wrong and so on. Many thanks for your time aaron. Yes, she economics professor at the time, the gas school of economics at talladega university. Thank you. Thank you to the wells, finance ministers in Central Bank Governors have met in more cash more. Okay. To discuss ways to tackle Climate Change, natural disasters and that restructuring the mess and world Bank Gathering african nations cold for reforms on fed representation hash and how about our reports now from our cash crystelina. Georgie, ava is on the show. Im offensive. A prosperous, 21st century is only possible with prosperous africa offering greater Economic Cooperation between which western nations and african countries. For the 1st time in 50 is the International Monetary fund of the wealth bank have held the annual gathering on the continent. The to Global Financial policy makers of facing growing backlash from africa, nations in the last is the capital with aging populations. If we built the brits for capital to travel, ways will make a difference. I think it will do well. The wealth will do well. African countries wont lenders to respect the sovereignty and stop issuing orders. But above all, they want an overall look it over the Financial System for you is poor countries have been calling for the reform of the International Monitor system seeking a biggest say, you know, i may have decisions. They also want to end the condition of implementing will start to measures and spending costs in exchange for loans, a practice, they blame for the political and economic wells. Host morocco is a long time bottle in the aftermath of last month. Devastating earthquake. The, im at approved a 1300000000. 00 loan for the building and recovery. But lows and credits may not make much difference. I mean growing challenges when we are having the conversation of how much Financial Resources are available. And we need to choose between Food Security dept. The claim is fine. Is a condo make . I would say investment, we need all of this and this is our i would say, pledge to gather the Global Economy, has changed. Finance members have so coast quote as a voting powers based on that economic performance. China, as quote is less than japans. Badging wants that to change to reflect its growing economic clout, Global Economic outlook for 2024 is going growth in some countries in the middle east and north africa has fallen sharply compared to last year will in ukraine, foot s