to museum photon and germany canceled his exhibition or to us to, to encounter the museum. almost wanting to have your cake and eat it to something like us. like to want to hire people for their rifle politics in one area. i the future isn't, but then to not really want to to be expressed in any other way. responding to your request for comment, the museum folk wong says this decision was made because a crate to take sides with the b ds. that's boy called us when functions which questions israel's right to exist. it continues to say it stands for peace and dialogue from the mtv music awards to pel, music u. k. infection trust the rapier glibly events of being canceled in the wake of the war. in garza many say out of respect, bought some say they being silenced. last week, the list phone gallery in london, postponed chinese. all it is i way way's exhibition. he tells alters 0 is because

he was very cool about the war and gone to saying today's politics seemed to be about everyone avoiding contribution and evading responsibility, the world we and how it resembles a medieval era. the front such books i postponed to the world survey the policy and also at the news ship is book minded detail. the organize a link problem says this is due to the will start to buy from us under which millions of people in israel and palestine is suffering and jewish american open nathan tools. so multiple events in the u. k. and the us 10 sold for his book tool a day in the life of wood salma over and over and over again. we have these wars in gaza and everybody when we have these wars calls for restoration of com, what is the com that everyone is calling for us to restore? that's the reality that is depicted in my book that shows this is not on

a situation of calm when there is not a war and gaza at one event through would be showing the stage in houston with us house representative rashida to leap boats the orthodox jewish chamber of commerce declared a victory of the convincing hilton hotels to cancel it. we will not be intimidated . we will not be silenced. and we will not stop until we save lives. and as gulls, it crumbles. these rights is all says and politicians say, shutting down debates is not the way forward, nor con, ultra 0. okay, that's it for me, money, fine. you can keep up to date on our website. out there is all comedies continue use on the account, and the an unsettled time upfront takes on the big issues, avenue,

democratic nations justify this kind of behavior is not piece of that is being talked about. it is war unflinching questions, rigorous debate. we are behind the mass that goes to the being to cut it out by both sides. clinton. yahoo is to go and there is collateral damage. has collateral damage. that's more reality is leading to what we're seeing now in the ground or solution upfront or alger 0. the 0 then yeah, this is counting the cost analysis, your weekly look at the world of business economics this week and economy in ruins . the united nations warns the war on does a could set back development and the palestinian territories by more than a decade. also this week spending billions of dollars to finance for israel's

central bank says the conflict as a major shock to the country's economy. plus on the edge of the, of this spill over of the war and the 11 on could shatter. what's less of lebanon's franchises. the, the palestinian territories are dependent on israel for their labor and goods markets. and for basic services like water and electricity. they are locked in a cycle of under development caused by decades of is really restrictions and occupation. palestinian g. d p stood a just over 20000000000 dollars last year by comparison. israel's economy is worth nearly $500000000000.00 where you and says the we're on gaza could set back development by as much as 16 years. and the longer the conflict goes on, the worst things will get in a recent report that you and says g, d, p in the palestinian territories as fall in by more than 4 percent. this is after

one month or more. that's a bigger impact than any previous israel, palestine war, 2 full months of conflicts would cut g, d p by an estimated 8.4 percent, or 1700000000 dollars and 3 months of war. now you're looking at 2 and a half $1000000000.00 in g d p. los. the wars also devastating the labor market. 61 percent. that's the majority of all jobs and gaza. 61 percent of jobs in gaza had been raised and then the occupied westbank. 24 percent of jobs are gone. one quarter. the poverty figures are alarming. the number of palestinians living in poverty has risen by 20 percent, and that could soon be 34 percent. if the war continues for a 2nd month, that means nearly half a 1000000 more people living in poverty. now the war has had a devastating impact on gases economy, and that's no surprise when you see flatten buildings and an entire population

under fire. we covered that in previous shows, but the u. n. has also drawing attention to the massive economic disruption in the occupied westbank. and today we're focusing on that. the territory has effectively been sealed off from israel since october the 7th, in what has been described as another form of collective punishment. palestinians and their goods cannot get into his real farmers have seen prizes collapse as their produce ends up dumped in local markets. bernard smith, reports from beta of the crops are ready for harvesting the palestinian, the farm as of last access to the main customers in his route since october, the 7th, as well as military has effectively sealed on the occupied west bank level so that the jordan valleys probably science, food basket. well, we produce most of the west banks proud of its peppers codes that's opening and everything comes from this range. anything else i felt when the crossing street,

the rail are closed on the border of these goods. go to the local market, which causes the process to drive on sundays, we don't sell anything. i need to check is just getting to mock it is a challenge. palestinians are forced to takes acute as roots through the occupied westbank to avoid is rarely supplements the quickest route for us to days 40 kilometers. it should take 30 minutes, but it's only open to his railings. palestinians will have to take a major de tool and let them know, and i'll have it on the, at the 110 kilometers to on june. in the past 5 weeks more check points and road closures of a p. it doesn't, isn't. that isn't good enough. for but as a some check points are only open from 9 am to 6 pm. this causes problems and it also causes harm to the small villages we have to teach or through 90 minutes later we get to the market. it's almost deserted. before october, the 7th, this was

a wholesale market with fruit from israel and vegetables from the west bank. but now israel is put in a check point just outside there and that's choked all access to the market because it's stopping palestinians using a main road that passes through a nearby village. and these rays of done not to protect the settlers who live all around prices of vegetables have more than 100 ships, have been cut some business days have closed down. how difficult it constantly afraid so much so that when we come to work, for example, like, you know, i'm from novelist and i have to leave home at 1 in the morning when the check point isn't busy. because if i get a late to, i could be still for more than 2 hours, which impacts my work here. i supplements expand a new ones appear. those weights at check points get longer and longer, significantly disrupting businesses as well as the lives of the palestinians. forced to enjoy them. burnett smith, i'll just sierra beta and the occupied westbank from ramallah any palestinian

occupied territories. i'm joined now by roger holly, the director general of the palestine economic policy research institute. thank you for being with us. we saw in that report by bernard smith, some of the ways in which an occupying power in this case is real, can squeeze the economy of an occupied territory. we saw a know that there is no freedom of movement with is limited freedom of movement. limited access to other markets, in this case, access of policy and goods to the is really market. what are the other factors that our viewers should keep in mind? yeah, i think is a report actually focused on something which is critical and which is yet to be as, as one of the many shocks that were, were experienced economically is yet to be felt fully. we've already in the west bank that is experienced the 1st thing important shock absorb which is the return of around 200000 up 220-0000. but the standards we used to work in is early,

and we used to bring around $3000000000.00 in to the published in an economy, approximately 15 percent of its natural income. so those people are not, not only, no longer being in, not that income for 2 months. probably 3, possibly for the rest of the year of next year. but uh, they are now an additional uh, 1570 percent of labor force which is sitting in the west bank unemployed. so that's of an example of the, of the 1st shop. we've had others, palestinian arabs in israel, who used to bring in around $1510000000.00 here, and the economy and purchases and services. they stop coming. these are some of the immediate shops, the clearance revenue cut off by a israel, which anyhow is going to go down because of the repressed demand. so and less and $0.40 less trade tax. uh, but the actual total we were can we fold it before? because can we focus on that the moment is real with holding palestinian tax that

it should normally and wouldn't normally transfer it to the palestinian authority. and now that transfer of money, palestinian money into the palestinian authority has been disrupted. what is the impact of that? you see, i find your, your report was very useful in that it talked about something very specific that they've added an extreme local market around them. there's an experienced situation today, but this is something that it's is structural in our economy and it's worse and better from day to day from year to year. similarly, the, the clearance tax issue, israel has been withholding, deducting unilaterally around 15 percent of what is due to the p a for the last 3 years and, and, and transferring what remains, what it decides it, it is willing to part ways of posting revenues. now in october it went further. so previous deductions included it's calculation of posting and present hers and martyr's payments at night were made by the p a in the most in october. the episode,

as you were called at the end of the months, the minister of finance, the extreme is a minister of finance mortgage didn't want of course to him and his allies didn't want to transfer anything. because basically, you know, as they are punishing the whole house, didn't people in gaza, they are punishing the rest of us that the people on this is the best way to punish the. so there was a huge argument, obviously amazing american pressure and whatever. and so they said, i mean it's typical of israel and said, okay, we'll, we'll transfer everything but the power shift portion that the pay i used to pay 2 guys forward. the employees in gauze and pensions in god, i around a 100000000. so what was huge, monthly, a $300000000.00, let's say clearance tax transfer the be a was anyhow, a down to around $250000000.00 because of repressed amount and was gonna be another $100000000.00. was going to be taken off to the p. a said, we're not going to take it, you know, which was a correct position,

i believe in the circumstances. one more thing before i let you go, the impact over time of this war. but how do you assess that, even if this war worth it, and now look at the numbers quoted by the you and the p u. n. s. the report are good 1st, you know, back of the envelope calculations, we're all doing our calculations. different and institutions are looking at different issues. we've looked at things that we have a paper which will come up very soon on the impact of a labor force cut off. and so, i mean, there are so many different waves coming at us to begin with. and i think this is something we're gonna have a chance to talk about. but you know, gaza is, is, is we can no longer talking about the west bank and both in, in the palestinian economy is one if they're not talking about westbank, uh, economy, east jerusalem economy, which is another story. and of course, does that mean how guys is 0 that does the commission, the idea that there are even 20 percent of its labor force working and at the currently is, is almost, you know,

fantastic. and the also the idea that somehow this economy is just going to pick itself up if tomorrow the, the fighting were to and, but we're already talking about, put aside the 10s of billions that we regard for relief and reconstruction. we're already talking about an annual blow to g, d p and the gross national income of up to 20 to 30 percent. i think this year in the coming in. so it's 4 percent a month is perhaps accurate. but this is a cumulative in a cumulative and a wave after wave effect that will be st. paul here in the old next year, regardless of roger holidays. thank you so much for all that context or director general of the palestine economic policy research institute. thanks for your time today. a. thank you very much. the consider the economy of israel now from restaurants to high tech companies and a major gas field. thousands of is really business is ground to a halt after the country launched as war on gaza. the government is now spending

more on everything from weapons to wages for the hundreds of thousands of reservists that it called up the military duty. the finance ministry estimates the war is costing the economy around $260000000.00 every day. now that's more than a quarter of a $1000000000.00 every day. meanwhile, israel's revenue from tories and household spending has dropped. so public finance is of course or strange. a couple more numbers for you to bear in mind is real says that it raised more than $8000000000.00 in debt since the war started. the budget deficit is increasing. it's expected to reach 4 percent of economic output this year, 5 percent in 2024, and the cost to insure itself in bonds against the default is more than double what it was before the war began. the calculus, business newspaper estimates the war could cost as much as $51000000000.00. that's nearly 10 percent of israel's g d p. and that is if the conflict goes on for up to a year. and the bank of israel is calling on the government to balance 2 things.

support economy on the one hand, but also maintain a sound fiscal position. a prime minister benjamin netanyahu has about 2 quotes, open the taps and to roll out the stimulus package bigger than during the cobra. 19 pandemic. that includes the cash handouts, the army reservists and businesses affected by the war. but critics say the measures did not go far enough and the eligibility criteria specifically to get that government money work to strict. i want to discuss all of this. i'm joined now by professor michael ben. god michael is professor of economics at city university of london. my goal, this war we just said that number is costing is real a quarter of a $1000000000.00 a day, slightly in excess of that. why does this war come with a higher price tag for his real than previous wars? it has wage. we're thinking for instance, of the 2611 on oh, hello. so 1st of all,

the number of from cause these, i think is probably the worst case scenario. yes, the direct costs are likely to be about $20000000000.00 over the course of this year. and next of which about a 1000000000 is direct defense expenditure, which is more than covered by the us in package that we received the $14000000000.00. how much of the risk will be used to support the 200000 to us of williams currently displaced? once the government gets actually gather and um and then rebuilding the 22000 villages destroyed to the initial attack. of course none of that can actually happen. so that's probably sometime late next year. because know, is going to increase the lives alongside the because the strip as long as it's controlled by from us. so the direct effect a is probably in terms of a loss of output is probably means a reduction in growth from about 3 percent to 1.5 percent. that means the loss of

about $7700000000.00. again, how much next year depends on how low the world allows. i think a full year is probably of the extreme and keep in mind, israel has about $200000000.00 in reserves. so is certainly possible to pay for everything is a rich country. what we need mostly from the united states, all right, guys with the united states and so supported. but we really need is the ability to out by the weapons because it's, it's really not possible for us to produce, given the companies of scale everything that we, we require. of course it would be a lot better if we didn't have to spend the money on all these kinds of things. if it were my horse and since you bring up the sensor, bring up the role of the us. that's a question i wanted to ask you later, but ask, you know, what happens if the us were to downsize down scale, it's financial support is real, could, is, will continue to prosecute the war the way it's been doing. oh, absolutely. i,

as i said, we have about $200000000.00 on the service. i mean, yeah, my students back into this note, always asked me why it is that a country with a funny exchange rate has such an enormous worth. just looking at sensors. war. yeah, uh, you know, we need this kind of, uh, back stop precisely for these kinds of emergencies. so the, the money in the united states was giving us is, you know, we are normally grateful for it. and it's not necessary for us to defend ourselves . what we do need is access to the website. we do look forward to bias and market prices. we wouldn't be able to use our sales that's. that's the difference. the prime minister has approved plans to amend the state budget in order to increase the deficit and cut spending on coalition agreements. now this is important just been a political route over these coalition funds, as there are no money earmarked for benjamin netanyahu, has backers like payouts for the ultimate orthodox schools. answer the various

parties comprising of the government in a letter sent to netanyahu. a group of $300.00 leading is really economists of which michael is one said quote, the grave below that israel was built requires a fundamental change and national priorities and a massive diversion of funds to deal with war damage, a to victims and the rehabilitation of the economy now they went on a basic and necessary step would be to hold financing of anything on essential to war. first and foremost, the coalition funds. why have these coalition funds, michael, so contentious? there are a lot of the institutions because of the, a lot of political calculus about maintaining the coalition. you know, these are largely extraneous, the registry areas before the before the war, they are even more strenuous now. um, so it's not, it's not, it's not even the amounts that we're talking about because again, you know, $3500000000.00 is less than one percent of gp. but they're all sorts of stuff at

the time that people are being asked to make sacrifices. the politicians don't seem to be able to uh, to comes of some sort of a consensus about getting rid of a lot of these things. you know, there was a, a big effort to apply the governments to do what we would call it traditional overall, a change in the way the, the government operates to centralize more power. and it says, and what is, what is, what, what the attack and so demonstrated is that actually is the civil society that they were trying to weaken. that is actually use little spread stress. and we have a civil society 2nd to none of unfortunately attached to a government that is kind of incompetent at the moment. but you know, there's an optimistic scenario to all of that. and that is, that is easy to replace a federal government, it's much more difficult to change the population. michael, ben gab, professor of economics economics at city university of london. thank you so much, michael. have

a sporadic exchanges of fire along the lab and on israel border continue for a 2nd month. has the lives of packing is really military position, saying that it wants to release pressure on its ally. hum us and gaza. many lebanese fear that their country could be drawn into the war and they worry about further damage to an economy that is already on his needs. say no holder reports from they were town. so long lebanon's border with israel are empty homes abandoned and damaged schools, closed livelihoods, frozen a sporadic, and the times intense cross border exchange is a fire is and it's the 2nd month. hezbollah says it is relieving pressure on its ally. hum us, which is fighting, is where the soldiers in casa a few 1000 kilometers, deeper into 11 on there is no war, but it's on certain times for a population struggling with an economic crisis. the hospitality sector has been hit hard. the restaurant association reports an 80 percent drop in business.

they say people are scared and anxious about the situation. there are days when the streets are empty. several western arab governments have called on their citizens to leave or not to visit lebanon. many airlines have scale back or canceled flights to and from baby boot, whatever is going to have been 11 on water, potentially water between us and israel. so it's really just getting this economy and to a depression. we're already into something called the speculation. but the now it's, it's becoming a depression and the economy has people leaving, we have no doesn't, no, nothing has come in many love. and these were already struggling to put food on the table 11 on the economy collapse 2 years ago. instead of carrying out much needed reforms, politicians use the dwindling foreign currency reserves at the central bank. now

the state is nearly bankrupt and it's institutions are dysfunctional tourism and remittances from lebanese abroad have been the backbone of the economy. and while people here sympathized with the palestinians and their struggles, many fear a repeat of the 2006 war between has the last and as well. take a minute on, which is your little boy. a lot of people are worried. we're hoping nothing will happen. so people are afraid that these really is, will hit the roots as well. what is happening in the south is very bad. a tens of thousands of lebanese have already left their homes, a full blown war, or even a protracted war of attrition. confined to the border region would be costly for a country already in ruins, center for their elders. either they lived. joining us from a route to discuss this is somebody atalla, the director of the independent think tank, the policy initiative savvy. thank you for being with us. so it's been 5 weeks more

than 5 weeks now. of a permanent tension between israel and 11 on and cross border firing of various kinds. what's been the impact so far of of this what the quote of this quasi war between 11 on an israel on level known as economy. excellent. thank you so much for having me. in the last few weeks, we're seeing the tens and remains so, and as you know, there's been a law several anderson lines a do more of a closer border, including a, instead of the, as obviously, and journalists do use a hot response by israel has destroyed a lot of, you know, wine trees and all of the trees and wide lice. um, and as you know, it is the frame boxes and uh, as an a to you would dispense fire and has major long term effects, which, where you have to,

in fact assess more than 10000 people. we'd have left the south or the villages auto share, that this would spread. and as it is all on the showing of buying history on the border as your and you know, it has been sudden very poor. in fact, the tourism has actually declined, the number of fights coming to lebanon has also been reduced to bar. how important is that? by the way, the, the, the, the draw up, the impact on the tours in sector and let him know. and it's very important because of the tourism sector is a huge 2nd in the economy. 11 is rely on tourist, on the hard courtesy that come with the tourist. so in fact, or consumption particularly and just to go through and so on and others touristic side. so the government says it has an emergency plan. how strong

is the plan of the lebanese government? because unlike israel that we just talked about, it's not like this country has a lot of cash reserves that it can draw upon briefly. absolutely. i mean, uh, 11 and then the other one is government to produce a ton of frankie. um, the plan is just a, you know, income paper that up in each state is bankrupt as a result of the financial crisis because it's been and paid for or for the last 4 years. the cost is much weaker. now people are going to do their job because of the low wages as it is all over the evaluation. we don't get to see those things being really serious about actually conducting or even implementing, if not in a case or now, as you mentioned, the deserves of lebanon has went up to 8000000. but i would say that the professor from uh, is what you're talking about. the $200000000000.00 is a, it is mean. and it's important to some compassion license because in fact,

in nowhere where i heard that actually is there is an occupying palestine enhancer, deserve is loved to defend itself, actually, to maintain the occupation. right? so, but that's what it deserves. but 1011, then the solution is much for diary as a result of these very about policies that have actually been uh, the main in place and then a few years. so while we hope that this actually doesn't escalate, because the professions are going to be in all of the country assigned me to tell the director of the independent, the think tank, the policy initiative. thank you very much time you for your time today. and that's our show for this week. get in touch with us on x at venue 8. 0 is my handle to use the hash tag ages to, to see when you do or drop the sent e mails on counting the cost at alpha 0 dot net. and is more as all online that is alice's 0 dot com slash ctc, you'll find our reports links, entire episode. so you to catch up on that's it. so this edition of counting the

cost, i'm several venue from the whole team here in the house. thank you. for joining us, the news on alpha 0 is next the as the situation in gaza estimates, we put a new expert analysis. this is not the convention of war between the 2 armies institute through states. this is a symmetric award. these really all means is not purposely so to kill children. unfortunately, children can be the casualties of the all the tests. in real time, we only taking them to call of the test. this government is mostly to solve the war. as you said, there wouldn't be no peace without justice for fast and stay with us for the latest development on our israel is still refusing to allow international journal into

jobs and power. sending and reporters risking everything to get the story at 1505 kills. and as strikes the listening post we covered the way the news is covered. the . the israel maintains its heavy, bombardments of gauze. a nice and asked strike on the center of the strip kills 9 people. children are among the dead. the, i'm on the inside. this is dollars, is there a life? and also coming up council confirms a full day humanitarian pause in fighting between our mazda and israel. in garza that will.