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Conflicts with Palestinians rarely leave a scratch on Israel’s markets
Israeli-Palestinian conflicts rarely cause lasting damage to Israel’s markets, history shows, because investors both direct and indirect appear more interested in a resilient economy – and one currently bulging with tech money.
Nights of rocket attacks by Israeli forces on Palestinian militants in the Gaza Strip and by the militants on Israeli towns, combined with a dip in global markets last week, did give Israel’s shekel and stock market their worst week since March, but the falls have already been largely recouped.
Israel’s economy is a stark contrast to Gaza, where the UN development agency UNCTAD estimated in November that 56% of the population of 2 million people lived below the poverty line in 2017 after a decade of conflicts, and of restrictions on trade and movement that Israel says have been necessary to protect it from the Hamas militants who rule the Strip.
Middle EastAnalysis: Conflicts with Palestinians rarely leave a scratch on Israelâs markets
Marc JonesSteven Scheer
4 minute read
An Israeli shekel note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration
Israeli-Palestinian conflicts rarely cause lasting damage to Israelâs markets, history shows, because investors both direct and indirect appear more interested in a resilient economy - and one currently bulging with tech money.
Nights of rocket attacks by Israeli forces on Palestinian militants in the Gaza Strip and by the militants on Israeli towns, combined with a dip in global markets last week, did give Israelâs shekel and stock market their worst week since March, but the falls have already been largely recouped. (.TA125),