The ongoing conflict in Gaza has taken a severe toll on the Israeli regime’s economy, according to Al Jazeera TV network. Over the past six months of war, the regime’s economy has suffered significant losses totaling $56 billion. This has resulted in a record-breaking increase in public debt and a severe budget deficit.
Recently, the Israeli regime’s Bank Hapoalim stated that it is time to evaluate the economic impact of the ongoing conflict in Gaza. Initial data suggests that the cost of the war is estimated to be at least $7 billion, which could represent 1.5 percent of the regime’s GDP. Analysts predict that the economic repercussions of Operation Al-Aqsa Storm by Gaza-based Palestinian resistance groups on the Zionist regime will be more severe than the effects of the COVID-19 pandemic.
The financial toll of the war on Gaza is expected to have long-lasting implications for the regime’s economy. According to reports, Israel has already spent more money on its military operations in Gaza than it did during its entire history as a state. As a result, many experts believe that Israel may never fully recover from this latest conflict.
Despite this dire situation, some analysts argue that Israel may still be able to weather this economic storm if it can successfully implement reform measures aimed at reducing its budget deficit and increasing revenue streams. However, given Israel’s current political climate and growing tensions with Palestinians, it remains unclear whether such measures will be possible or effective.
Overall, it seems clear that Israel’s economy will continue to suffer significant losses as long as tensions with Palestinians remain high and military conflicts between the two sides persist.
