Gaza’s Financial Crisis: The Ongoing Humanitarian and Economic Catastrophe

2023-11-18 09:10:35
Gaza’s financial crisis worsens. 80 percent of the population lives below the poverty line. Since the start of the Israel-Hamas war, Gaza has lost 61 percent of its jobs. About 182,000 jobs were lost in Palestine. The loss is around Rs 133 crore per day. The conflict has caused a heavy economic impact on Gaza. If the conflict continues, the situation will worsen. Gaza Crisis The ongoing hostilities are not only costing lives on both sides but also denying the basic needs of the living. This is causing a huge humanitarian crisis. The current conflict is creating a severe social and economic crisis. It also caused huge damage to businesses.

UN agencies, philanthropists and corporate companies have all come to help, but the situation in Gaza is pathetic. It is as if all communication systems have come to a complete standstill. UN food supplies also stopped. Gaza’s isolation has forced the United Nations to freeze food and other essential supplies. The UN is warning of the possibility of widespread famine in Gaza.

With the disruption of fuel supply, communication systems in Gaza have also come to a complete halt. Paltel, the Palestinian telecommunications company, said there was no fuel to restore communication links. Losing communication will make people more miserable. This will also affect voluntary activities. Famine will become more widespread in the coming days.

About Rinku Francis

Rinku Francis Senior Digital Content Producer Rinku Francis- Savam works as a Senior Business Content Producer in Malayalam. He has also worked as a Business Journalist at Mathrubhumi Daily, Senior Reporter at Dhanam Business Magazine, Freelance Finance Journalist at Manorama Online and Sampadyam Publications. He has a Bachelor’s degree in Journalism and a Master’s degree in Mass Communication and Journalism. Bhima was a member of the Jury of the Bhima Children’s Literature Award Committee. His poems have been published in mainstream publications in Malayalam. Read More
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