What is the impact of Israeli occupation on the economy of the occupied Palestinian territories?

Fresh violence broke out at the end of Ramadan, on May 9, when Israeli forces, armed with a court order, started throwing out Palestinian families from the Sheikh Jarrah and Silwan neighbourhoods.

The violence on the ground escalated to become airstrikes, killing Palestinians and Israelis, and it has continued until today, May 15, with the death toll rising, reported Reuters.

The Palestine-Israel conflict dates back at least 100 years, with key dates being 1948 when Israel declared independence after a war with Palestinians and Arab states allies, and the "Six-Day War" in 1967 when Israel took over more of Palestinian lands after a battle with Egyptian and Jordanian forces.

Prolonged occupation has had a substantial impact on the economy of the Palestinian territory.

The economy of the occupied Palestinian territory was thriving before 1967. Since then, under prolonged occupation, the territory has become a land on the verge of economic and humanitarian collapse in the West Bank and deep humanitarian catastrophe in Gaza, said the United Nations agency UNCTAD in 2019.

Here's the big picture:

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