Economists Predict Economic Downturn and Government Deficits
The ongoing conflict between Israel and Hamas is taking a toll on Israel’s economy. Economists are predicting a sharp contraction in the economy and significant government deficits. The fears of an extended conflict are adding to the economic uncertainty. The situation is causing concern among businesses and investors, leading to a decline in economic activity. The conflict is affecting various sectors, including tourism, manufacturing, and retail, leading to job losses and reduced income for many Israelis. The government is facing increased pressure to address the economic fallout, even as it grapples with the complexities of the conflict.