Impact of Israeli Raids on Gaza’s Economy
Struggle for Survival
Mohammed Al Safi, a businessman in Gaza Strip, saw his livelihood destroyed in an Israeli raid, leaving him dependent on aid for survival. His once-thriving bedding and mattress business, employing 10 people, was reduced to rubble in a single day, plunging him into economic despair.
Economic Devastation
The destruction of Safi’s factory in Jabalia refugee camp is emblematic of the widespread economic ruin inflicted on Gaza during the Israeli onslaught. The region, already grappling with high unemployment rates, now faces a staggering $18.5 billion in damages, equivalent to 97% of its GDP.
Human Tragedy
As businesses crumble and livelihoods vanish, residents like Salem Awad Rab’a, who ran a mobile phone shop employing six people, are left grappling with the aftermath. Forced to borrow just to make ends meet, families in Gaza are facing unprecedented hardships in the wake of the war.
Striving for Recovery
With 90% of private sector jobs lost and critical infrastructure in ruins, Gaza’s economy faces a long road to recovery. The International Labour Organization highlights the severe impact on businesses, with supply chains disrupted and economic activity at a standstill.
Challenges Ahead
The road to economic revival in Gaza is fraught with obstacles, as communities grapple with the aftermath of war. The resilience of individuals like Safi and Rab’a is tested as they navigate the harsh realities of rebuilding their lives in a region ravaged by conflict.
