Israel’s economy is facing a severe decline as a result of its ongoing war with Gaza. The country’s vital economic sectors have come to a halt, with escalating military spending, increasing borrowing, and dwindling revenues. International trust in Israel’s economy is also decreasing, leading to an exodus of highly educated and skilled workers from the country.
Israeli economists are concerned that a wider war in the Middle East could further strain the economy, with neighboring Lebanon already in a deep economic crisis. A potential war with Israel could exacerbate Lebanon’s financial difficulties.
In the midst of these challenges, British Prime Minister Keir Starmer faces the task of fixing the British economy. As Israel grapples with the economic repercussions of war, the international community will be closely watching how leaders like Starmer navigate economic crises and work towards stability and growth. Overall, Israel’s war with Gaza has had a detrimental impact on its economy, with repercussions that extend beyond its borders.
Source
Photo credit www.aljazeera.com
