Tag

Israeli Economy

All articles tagged with #israeli economy

world2 years ago•3 min saved

"Israel Commences Partial Gaza Troop Pullback Amid Ongoing Conflict with Hamas into 2024"

The Israeli military is set to withdraw several thousand troops from Gaza, including reservists from at least two brigades, in an effort to alleviate the economic burden caused by nearly three months of mobilization. Despite the pullback, which is the most significant since the war began, Israel maintains its intention to continue the conflict. The U.S. has urged Israel to scale back operations as the death toll in Gaza exceeds 20,000. Secretary of State Antony J. Blinken is expected to visit Israel for further discussions, while the Israeli economy faces a downturn due to the war. The war has also led to the displacement of over 85% of Gaza's residents.

via The New York Times|

#gaza #hamas #israel

world-news2 years ago•7 min saved

"War's Economic Toll: Rising Costs and Labor Shortages Hinder Israel's Growth"

The financial toll of Israel's war in Gaza is significant, with estimates of the war costing the government around $18 billion, or $220 million a day. The Israeli economy is facing a downturn, with GDP growth projections falling from 3% to 1%, and sectors like high-tech, which employs many reservists now fighting, are particularly affected. The war has also caused a halt in tourism, construction, and exports, and has displaced 1.8 million people in Gaza. U.S. aid remains crucial for Israel, with a proposed $14 billion aid package being discussed. The overall resilience of the Israeli economy is being tested as the conflict continues, with potential long-term impacts on economic stability and growth.

via The Washington Post|

#hamas #israel-gaza-conflict #israeli-economy