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Transcripts For PRESSTV Economic 20240704

Drop, there are certain sectors that are impacted, one of the major ones for israel is the tech sector. Another sector um is the private consumption which has uh dropped significantly 26. 9 . And another one, for example, import goods and services uh has dropped by 42. 4 . Then the israely genocidal war effects, theres been a falling demand, the rising costs and the are labor shortages. Of israels economy is in trouble, the regimes onslot on the palestinians in the gaza strip has cost the regime enormously, according to official figures, israels economy shrank by far more than expected in the wake of the onslot with. In gaza, wealth domestic product fell by a little over 19 on annualized basis in the Fourth Quarter of 2023. It was a single worst quarter for the israely economy in terms of gdp per capita since the opening quarter of the covid pandemic early 2020. Experts said the data was much worse than had been expected exports f ....

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