saying it will restore security. what hezbollah says? it will pull back with tell you what in step is to start the targeting largely evacuated towns to make northern israel uninhabitable. he said i in israel is trying to show it has options to helps us to those return to the north in a safe way to keep has the law. i'm the resistance away from the false. what it doesn't it must stop. it's war on garza. i'm deliberate on isabel has increased the intensity of it strikes on what it says is hezbollah, as military infrastructure in one of the biggest attacks is repeatedly hit the strategic valley known to be the lebanese arm groups, main area of operations and the gateway to the countries interior be as railways appear to also be trying to degrade the infrastructure, the kind of the, the, the capabilities in depth that hezbollah has. why? because i think, and this is true for both sides, that there is at least an expectation for they are preparing,

which would be smart for a much wider and open conflict. for now, as well as not using its full military capabilities in what some describe as a balancing act. and there are those who believe isabel is not in a position to start a wider conflict as the cause of war rages. so for the moment is right, it doesn't have really any strategy, but to be responding to hezbollah, that, that, and create kind of a balance between the edge. but like that, that without going any further because it doesn't have a plan. all these capability is random, military has said a lot, still needs to be done to return residents home as well. strategy may be to use targeted escalation to pressure hezbollah, but the group says this front will remain active until as well as hor on garza ends . and while it is unlikely to trigger a large war, it says it is ready to fight without limits. if war breaks out,

an all osborne may not be eminent, but even though the combat is still largely limited to the border and 2 military targets. this is very much a war center for their own shows you the southern lebanon of the us, as is carried out, strikes against 3 whose he missed all sides in yemen. us central come on, says the missiles presented an imminent threat to much vessels in the red sea, and were destroyed in self defense. un is warning that over 350000 people, the republic of congo are in need of aid, half of the country. so for the was flooding in 6 decades pulling months of heavy writing full, also known as congo brazil, the republic declared a state of emergency. at the end of december, the wind was millions of people have been affected across the country. and many villages come out on the beach by boat. okay, thanks for joining us. that's it for me, the fuck i'm on. he's in 30 minutes time counting. the cost is up next to we stay

with us for that. the or the staging type is being played in cats are for a rock or 3rd time. 24 teams are competing for the trophy. there can only be 4. can you if you run across the action from out of the tournament, phasing half on the other. i'm adrian said again, this is counting the cost on al jazeera, your way to look at the world of business and economics. this reach, pulled in 100 days since the war on gaza started. the humanitarian catastrophe is

deepening from life is being choked out of the protestant in economy. also, this rate is whales pulling up a strip of seriously damaging the nation's economy, businesses and consumers of feeling the pinch plus labels as a troublemaker by china will. taiwan was the president, the place prussia from paging, and try to bring prosperity back to the on the thousands of people killed or injured unprecedented destruction. a lack of food was the medicine and fuel and the basic foundations of a functioning economy wiped out the humanitarian catastrophe. and guns that is worsting by the day on the strip is on the verge of farming pots more than 100 days since israel lost its war 8 deliveries to gaza. a still limited or the occupied westbank is bearing the brunt of his way the cubs on the movement of workers and goods. just bear with me, the abraham begins our program from ramallah. the palestinians in garza are

struggling to survive. most of the population has been forced to fee their homes. they have nothing. and basic necessities have become so scarce that prices are beyond the reach of moves. of i'm not quite as good as a blue my son's trousers, a tune, and i can't afford to buy him new ones that cost 50 or 60 shekels, which i can't afford. as for food, a back of fly costs the 200 shekels have checked crop by the rules. one goes a has plunged district into a deep recession. the world bank says that by mid november, around 2 thirds of the population was out of work. most economy activity has grown to a whole. hospitals, communications and roads within half has been destroyed. within 70 percent of commercial infrastructure, lines and ruins. the building is expected to coast tens of billions of dollars.

it's all clear who was put the bill, but the palestinian presidency. has some suggestions. those over the they have to be forced to reboot, does so the americans are responsible. we hold america is the main responsible to find the right. the not as to the bill does that why the war has the state of dollars economy? your part westbank is also struggling. is role is was holding tax revenues that the food through the palestinian authority. and it's for one thing called a senior workers from crossing over into israel. farms like this, rely on these really marcus restrictions imposed since the war began, are hurting business. but when the ones that we produce most of the west banks, products from the fat person codes that will be seen, everything comes from this region. so when the crossing street the rail are closed,

all of these goods go to the local market, which causes the process to drop on somebody's, we don't sell anything for the. the palestinian authority is the biggest employer in new york. you find the west bank. but with new tax revenues coming in, it's have to got salaries inflicting more damage on the economy. that's the one that can sort of israel's confiscation of palestinian tax for more than 3 months constitutes almost 30 percent of the market movement. we had more than 200000 people working in israel, but after the war started they were denied entry. all of those are important factors in the decline of the palestinian economy. as the world goes, a drugs on the future looks bleak or for palestine and, and to the war. we only mark the beginning of the battle to rebuild the that. but he just eat a for counting the cost, the financial cost of the war on god. so well, clearly devastating has yet to be calculated, but on the is really side the cost of waging war has risen to almost

$60000000000.00 government spending a sewing in order to pay for bombs and bullets and businesses of struggling as hundreds of thousands of what cuz i've been quoted way to become sold just the revenue is a dropping that is really is a hunkering down. now if the boy expands to the why to region the expense could bounce even further. a stephanie decor reports from western was the more isn't only devastating. it's also expensive toward goals that have shaken up these really governments finances requiring revised budgets and billions more dollars. israel's prime minister has said from day one that this will be a long fight, and it's costing the at this moment what is required 1st of all, to cover the expenses of the war and to allow us to conduct the war in the coming year uncompleted. including eliminates and come us retaining our hostages and restoring security in the north and the south. so the residents come are time spending costs have been made to various ministries to allocate more money to the

ministry doors. also having an effect on various key industries here. tech accounts for more than half of all the nations exports making it the largest engine of the economy. and that's taking a hit many army reserve. his work in the tech sector. 350000 have been called up, and that's the largest number and israel's history. around a 120000 people have been displaced from their homes coast along the border with garza, and in the north, along the border with lebanon. the government needs to pay for their housing. it's estimated 20 percent is really, workers are out of economic activities. tourism is flatlined. it's only a tiny slice of the economy. but many jobs and businesses rely on the sector construction practically ground to hold off to the wor, work permits of tens of thousands of palestinians from the occupied westbank were suspended. we are in a serious economic crisis. we're going to have to huge hole in expanding debt of

the country. we risk israel losing. it's very good credit rating with the credit agencies. that is an enormous blow to me is run the economy. the bank of israel estimates at this war is going to cost the country around $58000000000.00. it's economy, frank, 2 percent, and the last 3 months of 2023. and it's costing $269000000.00 a day for israel to run this war. and that's without taking into consideration a possible escalation. the full scale war with has bhalla and 11 on stephanie decker audra 0 west jerusalem for counting the cost. let's speak now to roger kelly, the in ramallah. he's the director general of the palestine economic policy research institute at from tennessee for joined by robi nathan some who is the general director of micro the center for political economics. welcome gentleman to you, but as much, let's stop with you. how would you describe life right now in gaza? well, life is, is hardly a word that we can use to describe the sort of daily,

a existence that process of people that are facing the economy. if we can talk still about an economy, is that a subsistence level um life is about finding food medicine and escaping a bombing. so i don't, you know, it's a life is, but i mean, we're here, we wanna talk about the economy, let's say, and the economy is, is, is pretty much reduced to 0 as already, you know, is there is to say 50 percent of its, of its, of its usual activity and that's mainly in the services areas that are, that are of public services that are still being provided. and some sellers, perhaps with basically the economy, the private economy is ground to a whole. and we turn to a different mode of production and consumption in economic activity for the moment . is that any estimation? so 5 of the costs in terms of last economy count, put unemployment, trade,

infrastructure, health, the education sectors. and so let's just briefly separate the production loss is from the infrastructure losses. and in terms of they decided because of the economy, it was less than $3000000000.00 a year. so it was already lost. the corner of the, from the last quarter of $23.00 and $1.00 could assume a more or less that this has an economy that will not produce a value added in any met. and significant way for the rest of this year at the best and the best of center. so we're already talking there about $3.00 to $4000000000.00 and last output. this is not including the west bank which it purchased and also reduced to a major just says, but significantly in terms of reconstruction, i mean is even if we can assume that the really, that's estimated around a half a $1000000000.00 a month, can be provided over the next 6912 months, perhaps the reconstruction of the infrastructure, housing, the public service infrastructure and utilities is, you know, we're talking at least the 1st estimates for housing soc,

is 15000000000. so i would, you know, we're talking a so far, but we're looking so far numbers that are going to, going to go above $20000000000.00 over a few years in terms of reconstruction and economic loss of a made a major blow to economic production. rubbish. israel's war is costing what some $270000000.00 a day and it's, and it's far from over. it would seem kind of israel continue to keep fighting. it's one guy, so uh and the 1st point uh, if i come to the extent of the bottom, i mean is a strong economy and the it notes the face of the practice, the place. and i like it was a case also it was a good one. i also have the situation, we have to consider that that for example, that, that surveys that, and it's always 60 percent of the g d p which is the best that are on the work. even then before the war, according to the index of the economies. each rose before us the best,

the economy in the world, in terms of the performance of macroeconomic performance. he passed the sort of divine himself a payment as a circular, so sunday and texting. com and to find out the budget. so to say when we also are facing the costs of this war, i think that the for the time being israel can turn off for to finance the cost of the war and then medium and, and to show the alternative medium term. the question is, of course, what does it happen in the next, the end, the end of the longer term. but on the other side, we have also to going through the other components which are connected to the pulse of the war. and 1st of all, the sectors that are directly affected, like good stories in black construction like the culture and specific regions of the countries that have been specialized,

select the impact of regional and the southern part of each row. but generally speaking, the economy is functioning as the industry functioning. di, tech sector is functioning at the services, and the also communication and financial services are functioning. a lovely sector rather than all right, this is the economy is showing some resilience, as you say, bear with the bunch of deficit expected to reach 70 percent. the nation's borrowing cost rising, its credit ratings a risk time the economy keep holding up. i mean, what do we, what are we told you, you mentioned the mediums that the long term, how long can as well keep this up? well, of course it cannot keep verification oper on the 3, but the in terms of the planning, the, of the strategy of the government and the medium term, i think that these are all kind of holder hold the situation also,

company economic biofuel recently a budget has been a past that, which is also quite the eh, considering the a significant caught send it, but at the end of the call got to add to cope with the, with a deputy said the end the end, the short term and interest rates are the going down that sort of saying this is something that the can also ink cartridge economic activity and the short term the, and the cetera is broken comfortably increase it so that surveys on 60 percent to 70 percent results of damaging the international. uh cuz they really did look at as the perhaps fast. so this button, not that for this duration, but the for the next in the generation and the front bulk of the, of the higher dep. alright. rush it we've been talking about gaza so far. there's in this discussion, what's been the impact of all of this on the economy of the occupied westbank.

actually what we just heard about these really calling them is in fact very good. that provides a good backdrop. you're talking about new calling them a, which is like 150 times the size because the economy. so these early economy and of course as, as was explained as a whole range of policy insurance. so the, on the other hand and the occupied must bank and particularly, but the opposed to here economy in general is a fragile open economy. it's, it feels the shots immediately. it has no shock absorbers of the, you know, in terms of institutional policy, measures or, or resources. so the, from the 1st day of the war, not only as we watch gaza be found in the dustbin, it's economy rendered effectively of moods. the westbank began to feel the various ways of as rarely policy measures. the 1st, of course, was the restriction of workers about the suspension or cessation of post and in workers being allowed to access throughout the market. so that's already 150180000

workers. 20 something percent of the west bank labor force. bringing in a approximately $300000000.00 a month. close to $4000000003.00 and a half to $4000000000.00 a year, which is almost a 20 percent of the g, n i or, or 15 percent of national income. so that was a 1st shock and it continues not only to reverberate, but to deepen in terms of people have not yet been allowed to return. and we are assuming that we won't be going back to work in israel in any major way. and on the other hand, now you have a, a related but some of the impressive crisis in, in the form of as was mentioned, you report the cut off of a clearance revenue. so, due to the p, a for these last 3 months, i believe was close to over a 100 over $400000000.00 in trade taxes. the israel

usually transfers to the p a. but in the 2nd, thousands of the war, it was an adding to its usual adoptions, new, unilaterally dr. deductions supposedly to, to talk about money reaching because it, anyhow. so the point is that that's another one of $39400.00 mil, $1000000.00, which we should have had pumped into the market. so there is a collaborative, this be gone and we'll move joe, right. as we go, the gentleman that i'm afraid we must at least leave it. we're out of time. roger kennedy and roby license, and many thanks. indeed for being with us. the. the taiwan is a global, semi conduct, a hub nations with an interest in the advanced chips have kept a close eye on the islands presidential election so much so in china, which claims taiwan has its own territory to be taken by force if necessary. opposition to type a reject. taiwan is new president is in favor of independence and his victory is being seen as a phone and badging side. but managing relations with china isn't the only

challenge facing the new president, taste pledge to fix it, cannot make problems such as inequality, unemployment. i'll just leave a study chat reports from type a speaking to voters ahead of the elections. here in taiwan, there were 2 big issues the forefront of everyone's mind. the 1st with china, angry rhetoric coming as of beijing, an increase intentions of the taiwan straits. in recent years and comments from chinese presidency doing things, the return of taiwan to china, it was inevitable. people were also really concerned about the domestic economy rising in place and the lack of opportunities for young people. well, the election is now resolved. whether it was the man of aging certainly doesn't want to see empower. so what's that going to mean for the economy? china is dealing with some unprecedented. you know, you cannot be situations, but they will try your best to keep everything under control. yeah. so you know

that they acknowledge the existence of the problems and they will try to figure out some solutions for that. but taiwan has had a nice up, it's leave the island produces about 60 percent of the world's semi conductors. vital computer chips essential the manufacturers around the world. i think somebody comes out or is this one factor contributing to, you know, the mutual willingness to cooperate. but this is not enough. if we only rely on semiconductor, i think tyler stone, president elect liking the ones that far as the mentioned specifically the semi conduct the industry in his victory speech saying that i want most invest more more generally people here a very it was they be right at the center of global attention the last couple of weeks and now the election is result. think the hoping that the focus will move elsewhere and they can get back to business. tony chang al jazeera, accounting,

the costs in taipei, taiwan and china have complicated political relations, but the economically into twined. beijing has long been typeface largest trading partner. part time, when he, as investments into china, plunged to the lowest level in more than 2 decades. last year, as you can see here, they've dropped by almost 40 percent a year on year to more than $3000000000.00. investments in china picked at almost $14000000000.00 in 2010 time of these companies on our boosting investment in the us, europe, japan. and other countries of joining us not from hong kong is gary and who is the senior economist at not $66.00 at a research, probably will. so at the central european institute asian studies, good to have you with this gary, economic issues like unemployment equality and housing and for a bit of affordability was we heard major concerns to voters in this election?

do you think the new president can deliver on all of those well into if you look at the situation in taiwan right now, actually the economic growth will pop up. it'll be by slightly in the next 2 to 3 years because of the global security policy. but the biggest issue she is not about how much the economy grow is because of uh, basically how with the residents chemistry, straight with this uh, growth because um, we have heard of structural properties from in the quality of hosting part room like a very fast from uh, price of scope, etc. i'm in all of this or friends of basically something that has been rather long term and voters are actually finding solutions out of the latest administration. so this is into the, for the big challenge that why would it to face? but the same time we cut off for kept the actually up to the people not have the majority in the legislative again any more. so this will probably make his life even harder. yeah, i was gonna ask you about how difficult it is going to be for the new president to

get anything done really. we will see and well predict dakota trauma in taiwan, legislative council to which basically means that we do expect that in some of the general policy like uh, uh, basically on the support of semiconductor. um the, the 2 must resistance. i refer for some of the audit every is this with more disagreement like energy or social issues. it's quite cost to get things move forward. but definitely, it's quite light need that this sort of difficulty 9, the entire level will result in the slow up potential groups that you talked about about social issues. i read the, the med, the commentators argue that with an aging population in the downturn in industrial production anyway, taiwan should be completely reinventing it's economic model. do you, do you agree? if you're 1st look at and you cannot make a structural tie one. uh, if you look at the past, let's say 2 to 3 decades as many are fairly similar, conduct the different industry. so it's quite hard to see how long can deviate from

that in a very short time. because even if we look at some of the new sectors like on to fit your intelligence, electric b coolers, and bacteria, some of the things to tell him can actually do better in the future that all electronics relates to. so thoughtful to that, that is something that tie, one should keep, but on the other hand, where the tunneling should find ways to diversify in developing uh like um is financial industry pension or, or like a tourism industry and a great to wait. i totally agree because if you put too many x in one bus could usually when you have 4 very huge head winds coming down, there will be a cost to pay. so on. definitely, i think time on ship find a way to diversify. util. carry about about tie ones superiority if you like. in the, in, in electronic tronics manufacturing, the china is ramping up. it's semi conduct to industry. and so they conduct us full of pillows of, of the time with these economy. and how much pressure is that going to put on

taiwan? so intense. uh, if we look at how fast china is moving right now, i would say this is probably a great to for it than any of you know, treat tensions that taiwan me see from any type of reduction from china. because this, this really is something that miss structurally changing in the relative uh, competitive advantage between china and taiwan, which will eventually give up aging that even big good a bargaining chip in terms of managing this called cross trade relationships. so for taiwan on the, because china just that china has been using a, a basic rest, i owe money subsidies into ship manufacturing, which will wrap the c o. quite a bit of a picture isn't the, it's do not comparable to the west or thailand, etc. but this is something that this part of the coming and i wouldn't be surprised that in the future um there will be an oversupply indian though and chips which will hurt to some of the time on these trends. and for the high end,

it really depends on how this competition comes out. as for the political situation, gary paging has made it quite clear that this kind of it was not the one that they wanted to see when this election. how do you think bass is going to affect relation is ongoing relations which are already tense, between type a and, and paging. and where does the us come in to us? well, does create many uncertainty, but one thing we're searching is that they will not be any constructive dialogue between the d p. p. and the chinese communist party in beijing simply be course of this is not the preferred candidate that they want. and of course, so if you look at the statement that you should or would that you was taiwan or to us or the government is probably slightly uh, like not as intense as many people may have expected, which still shows that i think the status quo seems to be the most likely scenario that we see here. that's what a u. s. um with august meetings with china right before the time of selection,

etc. i do also share the same deal with the no one really want a morning to tell us straight right now. so of course, this competition will continue with the risk and training will continue, but probably it will also be a thought on the side of them. but to us, how far are the 2 countries will go in terms of this geo political uh contest? and with that this will lead to ultimate administrate conflict. ran a good start to gary manufacturing dates of being with us on counting the cost. and that's a show for this week. if you want to comment on anything that you've seen, you can get in touch with us via x. i'm at a sitting on a x. please try to remember to use the hash tag h a c t c. we need to wave the trucks a line counting the cost of i'll just 0 don't that is our email address. as always, let's try people for you online. i'll just do a dot com forward slash c t. c. that takes you straight to a page of day, you'll find individual reports, links even into episodes. these accounts. but that is it for this edition of

counting the cost. i'm a 3 instead of going for the whole team here. and so how, thanks for being with us, 10 years on the houses here, just text the you have the right, the boy costs anyone i want to and the state has no business getting involved in that gods chosen to bless us because we protect israel. i'm going to continue to do in a state level all that i can to support the 3 part series explodes, the implications of us and people who called lower the freedom of speech and 1st amendment rights, more about the issue, whatever i'm looking for. so my thing for talk to in, quote, on which is 0 the

the claims of war crimes in gaza. we had devastating testimonies from civilian society is where the army committed summary executions the time the bulk of this is all just a life. and the also coming on the is there any forces in the area around guns as largest remaining functioning hospital with strikes, a $140.00 pallets to needs to be killed in 24 hours for the 1st time and nearly

a month. us president joe biden speaks to is arouse prime minister benjamin netanyahu.