Can Israel’s economy withstand a prolonged war on Gaza? | Israel-Palestine conflict – Canada Boosts

Can Israel’s economy withstand a prolonged war on Gaza? | Israel-Palestine conflict

Israel’s struggle on Gaza has depleted the Israeli workforce and compelled companies to shut.

Israel began its struggle on Gaza with deep pockets: $200bn {dollars} in reserves and billions in navy support from the USA.

However spending is skyrocketing, revenues are falling and borrowing prices are growing.

Israel’s central financial institution says the struggle has confirmed to be extra pricey than initially estimated.

Many analysts count on the financial affect will likely be not like something Israel has skilled in a long time.

In the meantime, Gaza is repeatedly being plunged into darkness regardless of a wealth of pure fuel off its shoreline.

Elsewhere, we glance whether or not Argentina’s new president can repair the nation’s financial disaster.

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