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What’s the economic toll of Israel’s war on Gaza? |
What’s the economic toll of Israel’s war on Gaza? | Counting the Cost
#Whats #economic #toll #Israels #war #Gaza
“Al Jazeera English”
More than 40,000 Israeli businesses are expected to go bankrupt in the coming months.
Tourism has ground to a halt and consumption, trade and foreign investment have all slumped.
Israel’s war on Gaza is damaging almost every sector of its economy.
This comes as spending and borrowing are both…
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They could sell junk bonds but yhats heavily expensive
al jazira better look for a new source of news when peace comes
US taxpayers better prepare themselves… I need to find a new country to live in
Apartheid:- no worries USA and European paying and will pay our bills…
USA already in a $30+ trillion dollars debt, I don’t know how they think they will manage to keep subsidizing Isreal without inevitably collapsing their own nation
Well, the Palestinian economic toll is much worse. The Al-Jazeera sponsored economist are also very selective. They do not take in account the rise of settlers in the West bank. Immigration to Israel increases (many to the West Bank). There is a labour shortage but colonies are building, aka growth of GDP. Also Palestinians are also linked to Israeli economy. This means that Israel can have lower labor cost. The idea of foreign workers not willing to work in war zone. What war zone? Tel aviv or even the Colonies as 100 times much safer than working during US Occupation of Irak (no external worker issue there). Morality of Indians/Thai,/Philippines is overrated. They have no reservations of working for Qatar. Which also have doubtful morals aka workers rights. The harsh truth is most immigrant workers have no moral stand about the conflict. Their own situation is their guideline of working there. If they have the choice working in Asia or middle east or Israel (with lower work visa requirements), what do you think they will chose. In reality more external workers means more problems for Qatar, UAE, etc. More competition to get workers.
Also the Palestinian territories in the west bank are more cut off. It means hey have no import (no products from Jordan). Israel can tax more and can export more to the PA-territories.
The main products that Israel exported to Palestine were Refined Petroleum ($1.08B), Electricity ($685M), and Animal Food ($479M). Over the past 5 years the exports of Israel to Palestine have increased at an annualized rate of 7.68%, from $3.18B in 2017 to $4.6B in 2022. Well Israel can incease the price of all thoso products.
Much of Israeli military spending is now compensated by the US. In 2024 Israel wiil recieve 12.58 billion dollars military aid alone. In addition they will recieve 5.7 billion in economic aid.
This means for economic aid more than ever. This is more than 10 % of the Israeli GDP in 2022 (525 billion). In 2023 Germany, Israel sign ‘historic’ $3.5bn missile shield deal.Germany has signed a that deal to acquire the Israeli-made Arrow 3 hypersonic missile system that will become a key part of Europe’s defence against air attack. Israel signed landmark deal to sell David’s Sling air defense system to Finland. Also Australia is going to buy it. Also those david sling "stunner missile is becoming the SkyCeptor (PAAC-4). Electromecanica Ploiești, Romania, will launch a three-year investment program in 2023 to build SkyCeptor missile interceptors with Raytheon. The first missiles are expected in 2026. So you will see Israli weapons are being build in Europe (and never fall under export limits towards Israel).
So in the long term Israeli weapon export alone will cover the cost of the Gaza war alone.
So they killed the people who build their homes? 😭😭😭😭😭😭😭😭😭😭😭😭😭
Let the Palestinians & iran will pay the reparation
Not to worry the USA can print money for Israel. I love this keep the hits comings. I hope the Americans keep backing Israel. Keep printing that USD.
Dady USA is there., just need to boot lick.Biden. dont worry.Biden is a goner
It's more the existence (as known in the present) than the economy Israel will have to worry about.
No worries, US fools are there to pay it….
the end of an empire. many empires throughout history have collapsed. the roman empire collapsed, the Macedonian empire collapsed, the Mongolian empire collapsed and many others. now it is the turn of the united states which will soon self-destruct for its greed and its inhumanity. the world is tired of the model of foreign policy practiced by them. even the allies are understanding that it is necessary to distance themselves from a foreign policy based not on dialogue and compromise but on threats and blackmail and corruption. even if your government keeps you in the dark about the current events that mark the beginning of the end, the nations are moving in the most practical way. the first step but a very important one was to remove the power to sanction those who did not bow to their will. and that is why the BRICS banking system was born which is slowly growing more and more with currently 25 nations in the group and just yesterday Turkey also joined the group, and given that the system does not use the petrodollar, the dollar will soon devalue, combined with the fact that you Americans have a public debt of 37 trillions that you will never be able to pay also because you spend 685 billion dollars annually for wars that give the American people nothing, they only enrich the war industry. in addition there is also the fact that China will no longer import wheat from the United States which amounted to 45% of the harvest sending the American farmers into deficit I assume that you were not told this. only lies to get your vote that is what they tell you
US will send billions. Sokay
United States of Israel
Last 76yrs
End is coming
Essentially what will happen is that many investors will deem Israel as not worth the squeeze, it's not a large market, it's not a low wage market. Why would I as an investor go to Israel and risk war and all that backlash when I can invest in Malaysia instead, it's more stable ,bigger market and won't come with all that political baggage. Israel won't collapse ,it will just stagnate and it will be another 2-3 years before they start realizing it. It's about to enter decades of endless political turmoil and by the time it drags itself into the negotiating table ,it will so battered that it will sign anything in front of them
AL JAZEERA HAS NO CREDIBILITY WHAT'S SO EVER JUST ANOTHER MSM USEFUL IDIOT.
Jews They were given their own country and look what and how they treat other since. So they deserve nothing but to have it taken back.
The US tax payer will pay for the costs
Israel is not safe for Jews.
All noneses Israel increase selling arms, missles , iron dome , in billions of dollars to other countries