Tue. Apr 16th, 2024


The Israeli economy is set to become the victim of Benjamin Netanyahu’s war in Gaza as the global credit rating agency has predicted Tel Aviv’s GDP to shrink by 5 percent in the fourth quarter of this year. Earlier it was reported that Israel was spending nearly $250 million daily to wipe out Hamas. The Netanyahu government has increased spending to fund its war in Gaza, which is set to widen the fiscal deficit to more than 5 percent of the GDP.

 



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