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Tag: Israel economy

Israel’s economy struggles amid the ongoing war with Hamas; ending the war would help the struggling economy

Posted on August 27, 2024 By admin
Israel’s economy struggles amid the ongoing war with Hamas; ending the war would help the struggling economy

In Jerusalem’s Old City, nearly all souvenir shops are closed. In Haifa’s flea market, forlorn merchants polish their wares on empty streets. Airlines are canceling flights, businesses are failing and luxury hotels are half empty. Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country’s leaders grind ahead with an…

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Gaza war hits Israeli economy with 19.4% Q4 drop

Posted on February 19, 2024 By admin
Gaza war hits Israeli economy with 19.4% Q4 drop

War’s impact: Private spending, exports and investment in fixed assets have fallen in Israel, however, government spending jumped in 2023. File | Photo Credit: Reuters Israel’s economy took a deep dive in the fourth quarter due to its war with Hamas in Gaza, but 2023 still ended with positive growth, data showed on February 19….

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