Can economy of Israel withstand a prolonged war on Gaza? | Counting the Cost
Nov 25, 2023 #Aljazeeraenglish #News
Israel started its war on Gaza with deep pockets: $200bn dollars in reserves and billions in military aid
Nov 25, 2023 #Aljazeeraenglish #News
Israel started its war on Gaza with deep pockets: $200bn dollars in reserves and billions in military aid from the United States.
But spending is skyrocketing, revenues are falling and borrowing costs are increasing.
Israel's central bank says the war has proven to be more costly than initially estimated.
Many analysts expect the economic impact will be unlike anything Israel has experienced in decades.
Meanwhile, Gaza is repeatedly being plunged into darkness despite a wealth of natural gas off its coastline.
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