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Effects of war also include mass destruction of cities and have long lasting effects on a country's economy. [6] Armed conflict has important indirect negative consequences on infrastructure, public health provision, and social order.
Israel's treasury minister said the daily direct cost of the Gaza war to her country is about $246 million. [145] It has been estimated that if the war went on for eight to twelve months, the cost of the war to the Israeli economy would be more than $50 billion, or close to 10% of GDP, according to Calcalist, citing early Ministry of Finance ...
The World Bank's report released Sunday provides further details and numbers. In that report the World Bank revised its projection for Armenia's economic growth in 2022 from 5.3% to 1.2%, noting that "the impact of Russia's invasion of Ukraine on Armenia's economy is likely to be notably negative, but the scale remains undetermined."
The Israel–Hamas war has significant economic implications. The number of Palestinians living in poverty has surged dramatically, with an additional 300,000 people falling into poverty by November 2023. The war caused a severe economic downturn, with employment in the Gaza Strip plummeting by 61% and the West Bank by 24% between October and ...
A Russian lawmaker calls President Biden's decision to let Ukraine fire U.S. missiles deep into Russia a "very big step toward the beginning" of a third world war.
The effects of the Cold War on nation-states were numerous both economically and socially until its subsequent century. For example, in Russia, military spending was cut dramatically after 1991, which caused a decline from the Soviet Union 's military-industrial sector. Such a dismantling left millions of employees throughout the former Soviet ...
Earlier in the war, Putin was happy enough to exploit Wagner’s firepower and willingness to engage in savage tactics to achieve military aims. The capture of Bakhmut led by Wagner was Russia’s ...
Russia launches overnight drone attacks on Kyiv after 12-day hiatus