After 11 months of conflict, Israel is grappling with a significant economic downturn, exacerbated by ongoing military operations and a general strike that has disrupted the economy. Despite prior growth driven by the technology sector, the GDP has contracted sharply, and the Bank of Israel has revised its growth forecasts downward. Meanwhile, tensions in the West Bank have escalated, with recent military incursions resulting in casualties and further straining relations between Israel and Palestine. Activism and protests continue to rise against the backdrop of this conflict, highlighting the urgent need for a ceasefire and humanitarian relief.
Israel’s Economic Crisis Deepens Amid Ongoing Conflict: 11 Months of War and Rising Tensions
2024-09-06T15:01:58.169Z