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Israel

War’s impact on Israel’s economy ‘catastrophic’

Shir Hever, an economic researcher and manager of the Alliance for Justice between Israelis and Palestinians, has highlighted Israel’s economic woes from the war.

“Israel has crossed every possible red line,” Hever told Al Jazeera.

  • Not only is Israel “committing genocide against the Palestinians in Gaza”, he said, but in order to do so, it has “sacrificed” its own future.
  • “The economic crisis is something which I seriously doubt they will ever be able to recover from,” Hever said.

He added that military spending in Israel is only a “drop in the bucket” compared to the broader economic crisis and brain drain.

  • “Israel has become a highly capitalist economy, a very individualistic,” he said, adding that most skilled workers are simply leaving.

Source: Al Jazeera