The Israeli economy suffered a major contraction following the October 7 attacks and subsequent war. However, it is beginning to show signs of recovery.
The Israeli economy suffered a major contraction following the October 7 attacks and subsequent war. However, it is beginning to show signs of recovery.
The Gaza war and tensions with Iran have taken a toll on Israel s economy with major rating agencies having downgraded the Jewish state s rating by one notch warning that cuts may go deeper if ongoing conflicts escalate.
The five months of Israeli war on Gaza have not only triggered widespread protests worldwide but also paralyzed the regime’s economy, bringing to a halt all major businesses.