Gaza

Inflation Surge in Israel Amid Ongoing Conflict in Gaza

4 months ago

Recent economic data revealed that inflation in Israel has risen significantly, exceeding experts' expectations. This spike in inflation coincided with the ongoing military conflict with Hamas in Gaza, impacting the country's economy considerably. In August, the inflation rate rose to 4.3%, which is well above the forecast of 3.8%. This exacerbates the pressure on Israel's economy amid the ongoing wars and military actions, further complicating the already challenging economic landscape.

Israel Cuts Growth Forecast Due to Gaza Conflict

4 months ago

The Israeli Ministry of Finance has released a new economic growth forecast, revising it in light of the ongoing events related to the conflict in Gaza. According to the updated data, economic growth for the coming year is expected to be significantly lower than previously projected. The primary factors contributing to this drop include economic upheaval caused by military actions, which have led to decreased consumer activity and a slowdown in investments from both domestic and international businesses.