The ongoing conflict in Gaza has had a significant impact on the Israeli regime’s economy. After six months of war, the regime’s economy suffered a loss of $56 billion, resulting in a severe budget deficit and an increase in public debt.
Recently, Israel’s Bank Hapoalim announced that it is time to assess the economic damage caused by the conflict. 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 predict that the economic impact of Operation Al-Aqsa Storm by Gaza-based Palestinian resistance groups on the Zionist regime will be even more severe than the effects of COVID-19 pandemic. They believe that this operation will have long-lasting consequences for Israel’s economy and its people.