to new zealand incense arrive national parties taking a 90 lead in his general election with 10 percent of votes counted opinion polls suggest a shift away from the governing labor party led by chris hipkins. that's been in power since 2017. okay, let me bring you the latest in the guise of war. israel has ordered more than a 1000000 palestinians, and northern guys have to evacuate to the side of at least 70 palestinians. mostly women and children are being killed as me briefly is really airstrikes of killed more than 2200 polished indians since last saturday, including 614 children. more than 324 palestinians were killed in the past 24 hours . russia has drafted a un resolution calling for the humanitarian, cx, 5 and condemning violence carried out against civilians by all sides. well sizes appeared of taking to the streets across the middle east to show solidarity with palestinians. and guys of the, of also being demonstrations in new york for us to salumi is being there in

the city is you can see behind me that's a street has been taken over for at least 2 large people, tearing signs in palestine waving palestinian flags. speakers have been calling for an end to the barn and have gone and see us military support for israel . and they are coming out to protest the security here in new york. the additional say that police are on call and on the lookout. nefarious, there are extra security around synagogues in you stevens in the administrators here in the air in the field. it's worse and because in fact there hadn't been any attacks on synagogue or jewish community centers in new york, but there have been increase attacks on muslims. and anyone who happens to appear to be proud to be wearing the who apparently may look palestinian. and we think

this is a climate of violence and fear and hate that's actually be promoted by elected officials in the city who continued to equate protesting for palestine with acts of terrorism. now, city officials say bigotry of any kind won't be tolerated, whether it's anti semitic or islamic. so far they say they have no credible slots of any one intending to use this event or any of the demonstrations that of the city and continues to be present. salumi 0 new york, or does it a dot com is that a lot more on the war and guys are counting, the cost is up. next, i'm rob mathis and stay with us and i'll just say so many politicians want to be the republican party as candidate for the any stand a chance it gets donald trump, if our planet is burning and we're running out of time, why are we doing more to deal with climate change or american politics, just getting to, i've been to

a screen for most americans because it can look us politics the bottom line, the why money inside this is counting the cost on al jazeera, your weekly look at the world of business, and economics this week and time neighborhoods destroyed no electricity, fuel food, water as well and poses 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 the annual meetings, only applicant confidence,

discussing economic growth, climate change debt, and any quotes israel's declaration, if no on guns, are following a surprise ministry offensive by how most has jolting global financial markets. oil prices surge before falling again to $70.00 a barrel is physical wind, a regional conflict to called goldman sachs. full cost of brent crude could climb to a $100.00 a barrel by june. if the conflict drags on a higher 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 golf? a strip and on israel? let's take a look. first of the grim humanity, variance, and economic situation in gaza. the goal is the strip has been on the and is rarely a land and sea located since 2007. it is one of the most densely populated areas in the world moving $2300000.00 palestinians live in an area of around

365 square kilometers. united nations says the unemployment rate in gaza is one of the highest in the world. 70 percent of the young graduates don't have jobs. and navy hosp, the population is out of luck. 64 percent of households classified as food in secure and depend on humanitarian aid. the situation in gauze and before the war was already dot, it's 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 supplies lost on the way to consume is due to the crumbling infrastructure system. more than a $112000.00 families all with out the regular food supplies because of these riley 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 as even less food. and the only local electricity producer has shuts down, often running out of fuel as well as well as current ministry operation against gaza is not the fast between 282021. israel launched full major offensive in the besieged enclave. this conflict, palestinian say is different in the past 5 days of israel's bombardment, at least 330000 people fled that homes. a number 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 there any strikes? now back in 2021. these riley ministry, offensive destroyed $1500.00 housing units and costs the golf a economy moving $479000000.00 from 2006 to

2022 garza's agricultural sector last about 1.3 $1000000000.00 as a result of israel's blockade. and multiple attacks to, to discuss all of this on join by bus inquiry from armada and the occupied westbank . he's a form of palestinian economy, minnesota. and currently the ceo of the pharma cat group. thank you so much for your time, sir. so israel has now imposed a complete siege on golf and that includes the bond of food, electricity, and fuel entering this. 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 you're 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 employees, dad. it 2 of them has most homes,

one of them the has just small damages. but the you're speaking about whole neighborhoods being wiped out. it does happening is um president the 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 eh, have depend on the generators, but the 5 to generate those that, that they can and get the keys 34 hours of, of electricity a, you a date. now what is happening is that also these private generators have either, either being blown up by the explosions, by the end bombardment, or, or have it on up a few of the we've been in contact with the main hospital in gaza. see for hospital

. and they're telling us that they're 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 no happening. no, that's true. unfortunately, a is not coming through and the, the medical situation is definitely very biased and does a, has only 2 small factories for manufacturing pharmaceuticals. i was in contact with the, with the 2 factories. and of course, none of them are working. one of that was severely damaged. so the situation for medicines as becoming also bio. ready less and we can push for the entity and the relief to start entering into gaza. definitely there would be lots of a 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 going, because they're obviously not allowed out of gaza. what we're seeing is that the school is a public buildings. they of course, the government buildings but other buildings on the web. buildings are becoming the only refuge for people that and the, the bombardment this time is stopped. it is cost inflated on 30 miles neighborhood . for those of you who don't know guys, the neighborhood is that what you can describe, look a bit more, an upscale neighborhood in gaza. it is not the end. if you do come in the inhabitants the room with the class. so time of the class a and the, some of the buildings, dad or the mazda story buildings, and the, you're seeing the head to the hardcore of the guys, the community, the headquarters, because of society. so what do 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 huh. check 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. i was, the neighborhood is almost completely devastated, and definitely we don't know where to go. mr. cory, many thousands were earning a living by working in israel. we're 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 labor shortages are, isn't allowed around $15000.00 laborers to work in as a. and these became the most influential and most is source most

important source of income for johnson's. however, it could hardly make it that the cost of the fee 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 it's important to point out that before the last war, as of a new official 70 percent of people of gaza depended on the for date from, from different places. the. it's the, the situation, unfortunately a with, with these labels is very bad. we are not getting many of those labels in to the city and to, to, to the, in westbank defense cities. so it's also another human catastrophe that is coming here. you're speaking about the thousands of people that are left with nothing in the west bank at the families on the, on the receiving end of the environment in gaza. so it's, it's,

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 you. is really 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, sliced israel, while governments have deadlines to be capital when flying in is really space analysis by radar 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 slide shut duel between that saturday, october, the 7th when the war began and wednesday, the 10th, well grounded. on the other hand, the central bank announced it was setting up to $30000000000.00 in foreign was of the shore of the national currency. the shackle is riley currency has already lost roughly 9 percent of its value compared to the us dollars so far this year. and is

now full into a 7 year no. joining us from london now is iran yesterday of a member of the center for my career economics. it belonged to the school of economics. he is also an economics professor at the a town burglar school, if he can, all makes at tennessee of university. thank you so much for your time. 300000 old re is where these have been taken out of the workforce to find in this will presumably that will have an impact on his role as the economy. before we discuss economic costs, let me point out the obvious, the real big cost of the human cost. in israel, children, women, and men had been killed, had been kidnapped, be 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 we begin 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, 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. it's 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 in the various industries. on the other hand, you have to finance their mobilization into the war effort, which is obviously costly. it's not that they, the interest fight will do any duty they use military capital. they need to be paid by the government and so on. so it's

that you lose output and you create expensive. we're seeing the current seeing the shackle. take a bit of a heads. it's 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, it's 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 is row. so each went from around $3.00, roughly a bit less at the end of 2020 to $2.00, over $380.00 recently before the war. and now it has shot top to the region of $395.00. i'm going on to, for i believe you to attach for shackles to the dollar at some point. so it's

a combination of factors for you or, and war. i don't 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 don't see a real possibility soon of an appreciation of the check. right. and presumably the same sort of reasoning will impact investment in invest a sentiment as well. exactly. and investment has been fully pre 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 $8000000.00 in aid to israel, but obviously with the ongoing war and ukraine. now this was 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 assistance 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 he's actually really needs american assistance. that said, there is a point about i munition in arguments that what is right, it 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 in loving then to conflict with the wrong and so on. many thanks for your time, aaron. yes, she's 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 m. s. and well by gathering african nations cold for reforms on fed representation hash. and how about our reports now from our cash crystelina. georgie. ava is electronic fences. 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 well bank have held the annual gathering on the continent to global financial policy makers facing growing backlash from africa. nations in the north is the capital with aging populations. if we built the bridge for capital to travel, ways will make a difference. i think it will do well. the wealth will do well. but african countries won't lenders to respect the sovereignty and stop issuing orders. but above all, the won't an overall or look it over the financial system for use. poor countries have been calling for the reform of the international monitor system seeking the biggest say, you know, i'm, if decisions. they also want to end the condition of every month. people started 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, i'm at approved a $1300000000.00 loan for the building and recovery. but lows and credit may not make much difference. i mean is going 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 a pledge to gather the global economy has changed. finance members have so cold quote. as a voting powers, based on that economic performance, china, as quote is less than japan's. badging wants that to change to reflect it's growing economic clout, global economic outlook for 2024 is green growth in some countries in the middle

east and north africa has fallen sharply compared to last year will in ukraine, foot shortages, and the inflation was slow global economic recovery. that's why we're trying to do in the course of this entire process of this annual meeting. am seek approval from our governors, just to redefine the vision of the bank, to be bad of it advocating poverty. but on a livable plant. and what we mean by level planet is exactly these challenges of pandemic. some climate change and food and security and fragility of those kinds of issues that peter far too slow recovery is bad news for countries struggling to repay debt lenders, dishing out spending on bottles may suffer for years. argentina is struggling to restructure it's 43000000000 dollar amos loan agents bones of tumble following moody's writing, caught by his done some beyond gunner and many others may not be able to repay the

creditors pocket to this. urging the i'm a world bank to right of that's warning that the restructuring won't solve the problem actually meant by for counting. the cost of cash will have to met with for read the hodge who is the vice president of the will banks, in the least in north africa. he began by asking what the world bangs full costs for the region means for these economies. as you know, the economies in men are divided into, broadly speaking, go one is those companies that are exporting oil and those water importing. what the dramatic, how much and get away is coming from those countries in the gulf. and i'll julia and libya. so it shows that, you know, what prices go down and these economies go down. no. one thing to keep in mind.

you're the, the non oil sector of goes economy. there's something gives us a company. diversification is paying off very much look at what's happened against alder, almost 44 percent growth in knowing non oil segment of the economy. this is very encouraging, and it gives you a sense that you know what we get head on diversification is the way for this is why what's happening so driven what's happening in the way is really to be encouraged. and hopefully, all the countries in the gulf of all exporting countries will do. we do the same as i've also met catherine patel or the deputy director of the m s. africa division. he began by asking a if they was lying to the end of the tunnel for the african economies. after 4 years of crises including the global pandemic, there are some tentative signs that the outlook for the african continent is improving. now the region is very diverse,

but we're seeing an expected improvement in growth from 3.2 percent in 2023 to 3.8 percent in 2024. again, the situation is diverse and we expect so that given higher private investment, which is a good sign, private consumption that will see increases in growth in around 3 quarters of the economies on the continent. petticoat brooks deputies are ex, at the international monetary fund, spoke to how soon about the international laws, refunds, global outlook for growth in 2024. well, we are having a global economy that on one hand has been quite resilience. often many shocks that have hit over the years. so in that sense, i think that is the positive in our assessment that that resilience, that we've seen. but then we also seeing growth this year,

a 3 percent and next year of $2.00. that is relatively slow by historical standards, and we also seen growth that is very uneven across regions with a lot of divergences. so, so i think that's the theme of our report and speaking of diversions is this also, we see it in the near term to. we have upgraded our forecasts for the us. we have downgraded our forecasts for the your area in china. we have upgraded our forecasts for many emerging market. so we're seeing different developments across the world. and that's also the best way to get in touch with us on x fully and as the switch at money inside the use the hash tag h a c t c. when you do or of course, you can drop some e mail counting the calls that out. is there a don't net east address? and there's not some movie online at out. is there

a dot com slash agency that will take you straight to a page which has individual reports links in time episode speaking to catch up on that? is it so this edition is counting the cost i money in science and the whole team. thanks for joining us to these on algebra is as the gas and war as out gc was corresponding on the bus this morning has a cold air strikes, shells as guns, bolts from the seat. there's been a lot of destruction in the village as far as is comp deal with the number of bodies from the south in the state with us for the latest development on out to 0. the the holding off of 2 accounts. as we examine the us each row in the

work on elders here the,

[000:00:00;00] the hello, i'm a clog, this is in use of life coming up in the next 60 minutes is ready as drawings continue to pound down. so killing $320.00 for palestinians over night is tens of thousands. 6 safety also being told to meet the know the