The Israeli regime’s Bank Hapoalim recently announced that it is time to evaluate the economic impact of the ongoing conflict in Gaza. Initial data suggests that the cost of the war is estimated to be at least $7 billion, which could represent 1.5 percent of the regime’s GDP. This has resulted in a severe budget deficit and a record-breaking increase in public debt for the regime.
According to Al Jazeera TV network, the regime’s economy has suffered significant losses totaling $56 billion over the course of 6 months of war with Gaza Strip. This has resulted in a severe budget deficit and a record-breaking increase in public debt for the regime.
Analysts predict that the economic repercussions of Operation Al-Aqsa Storm by Gaza-based Palestinian resistance groups on the Zionist regime will be more severe than the effects of COVID-19 pandemic. The financial toll of the war on Gaza is expected to have long-lasting implications for the regime’s economy.
The cost of operation Al-Aqsa storm will not only cause immediate economic impact but it will also leave long term damage on Israel’s economy as well as its international standing. It is clear that Israel needs to take steps towards peace and resolve as soon as possible before it faces even more severe consequences.
