1. Increase in the national GDP is least likely to be caused by a war.
2. Oil is considered the most crucial resource in modern warfare.
3. War affects the stock market by causing a decline in stock prices.
What do you guys think? Is this true or false?
I think war is a bad thing as war destroys any country. If a war breaks out in a country then the GDP will never increase in that country but will decrease. War has a detrimental effect on the citizens of that country even on the economy of that country.
We can mention the war between Ukraine and Russia as a small example of this. Ukraine has suffered so much due to the war between Russia and Ukraine that we have seen one of our forum members asking for donations here to help with ambulances in Ukrainian hospitals and help the people of that country. Maybe because of the war in Ukraine, their economic situation, GDP has suffered greatly and their capital market has also suffered. Which has an impact on the citizens of their country. In war-torn countries, poor citizens suffer the most.
Forget the GDP even and just a take good look at Palestine for example and to be specific @Gaza, the whole city has been leveled to the ground and there is absolutely nothing you can take out of that place and that is what we call the full effect of war. The whole Gaza is facing infrastructure and human decline just because of the toll of Israeli war on that zone and that's why no matter the cause war is never the answer or solution.