Economic, Social and Geopolitical Impact of Israel Hamas Conflict in 2023

The Israel-Hamas conflict, characterised by recurring outbreaks of violence, has far-reaching repercussions that go beyond the immediate physical and political consequences. This study dives into the conflict's varied influence on the economy, society, and geopolitical environment, giving a detailed perspective of the interwoven ramifications. This outbreak of war happened at the critical juncture when World economy kept struggling to get recoveries from series of disruptions caused by pandemic in 2020, Russian invasion in Ukraine in 2022, massive supply chain disturbance and worldwide inflation in post COVID period. This conflict might get bigger if more nations are joining in either side of combatants. It could lead to double shock such as food inflation and energy price hike. The war would divert fund from developmentoriented work of the region and deprive residents of west Asia from social welfare. Humanitarian crisis aggravated and war crime remained gruesome since outset of Israel-Hamas war on October 7, 2023. Hamas made unprecedented unprovoked attack and held hostage of Israel military and civilians including women and children. In retaliation Israeli military exterminated thousands of Palestinians in Gaza in air and artillery strikes. This bloody conflict has sent a shockwave in the world economy and amplified geopolitical tension. The fear is growing fast and thick that IsraelHamas war can herald recession for several economies of the world and create tough situation for business and household to grapple with. The support, collaboration and engagement of economic superpowers such as Russia, China, US and middle east heavyweights would have profound impact on the outcome of confrontation.