• Sat. May 18th, 2024

Report finds Gaza conflict results in $56 billion in economic losses for Israeli economy

BySamantha Johnson

Apr 8, 2024
Report finds Gaza conflict results in $56 billion in economic losses for Israeli economy

According to Al Jazeera TV network, after 6 months of war against the Gaza Strip, the regime’s economy suffered a loss of $56 billion. This resulted in a severe budget deficit and a significant increase in public debt for the regime.

The Israeli regime’s Bank Hapoalim recently announced that it is time to assess the economic damage caused by the ongoing conflict in Gaza. Initial data suggests that the expenses related to the war will be at least $7 billion, which could make up around 1.5 percent of the regime’s GDP.

Analysts are predicting that the economic impact of Operation Al-Aqsa Storm by the Gaza-based Palestinian resistance groups on the Zionist regime will be even more severe than the effects of the COVID-19 pandemic.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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