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The crisis in the economy of the Zionist regime after the Al-Aqsa storm

The war in Gaza has disrupted the activities of thousands of Israeli companies and plunged all sectors of the regime’s economy into an unprecedented crisis.
– International News

according to the international group Tasnim news agency, international media In the past days, in separate reports, they have investigated the consequences of the “Al-Aqsa storm” operation on the economy of the Zionist regime.

On November 6, nearly a month after the Al-Aqsa storm operation, In an investigative report, the English newspaper Financial Times examined the effects of this war on the financial markets, companies, industries and the cabinet of the Israeli regime.

The Financial Times wrote in that report that war The activities of “thousands of companies” have disrupted and destroyed Israel and plunged all sectors of this regime’s economy into an unprecedented crisis, and many of them have put thousands of companies on the verge of collapse.

The official statistics of Israel’s Central Bureau of Statistics cited by the English newspaper show an obvious fact: from the October 7 operation, one out of every three Israeli companies The companies have closed or are operating with 20% of their capacity.

According to this report, more than half of the companies have faced a drop in income of more than 50%. . In the southern regions, which are closer to Gaza, the crisis is more intense, and two-thirds of the businesses are either closed or working with minimal capacity. That 764,000 residents of occupied Palestine, who make up about a fifth of the Israeli workforce, have become unemployed due to forced evacuations.

Last Monday, the Bloomberg News Network website also reported that the Gaza war has cost the Israeli economy 8 billion dollars so far, and 260 million dollars are lost every day. Fees will be added.

Despite this dire situation, Benjamin Netanyahu, the prime minister of the Zionist regime, who strongly relies on the support of the right-wing and extreme Zionist factions to maintain his cabinet, continues to allocate a large budget to ideological projects and

Netanyahu has allocated an unprecedented amount of 14 billion shekels ($3.6 billion) to the five political parties that make up his coalition cabinet, most of which This budget will be spent on the construction of religious schools and the development of illegal settlements in the occupied West Bank.

Reports also indicate that a large number of Israeli construction projects are also temporary. They are suspended because the progress of these projects depends on Palestinian workers.

For example, consider the case of Atlas Hotels. The Financial Times wrote about this collection recently by sending a desperate email asking its customers for help to prevent it from collapsing. If the hotel cannot collect the expected income, it has to end its activity.

Tourism, as one of the potential arteries of Israel’s economic life, does not help Tel Aviv much. Statistics from the Organization for Economic Co-operation and Development show that international travel contributes only 2.8 percent to Israel’s gross domestic growth and supports 230,000 jobs.

Despite Israel’s 2022 efforts to revive the tourism industry, October saw a 76 percent drop in tourism compared to a year earlier. The Al-Aqsa operation hit the industry hard, as daily flights to and from Ben Gurion Airport were reduced from 500 to only 100.

Economic war

This emerging disaster did not escape the eyes of Tel Aviv economists. On November 1, 300 Israeli economists wrote to Netanyahu and his finance minister to “come to your senses.” They have emphasized that the current situation requires “fundamental changes in domestic priorities and directing budgets towards war damage relief, victim assistance and economic reconstruction.”

Benyamin Netanyahu In response to the letter, he promised to create a “gun economy” and promised to give massive amounts of money to companies and regions at risk. He also promised “larger and more extensive” economic aid from the economic package during the Covid pandemic to those affected by the attacks.

Netanyahu did not mention “My directive is clear: open the taps and open the financial resources to anyone who needs it,” said Arvim. Just like what we did during covid. In the last decade, we have built a very strong economy here, and even if war costs us economically, we will pay without hesitation.”

Despite these promises, it seems It turns out that the Israeli regime thinks as delusionally about its ability to maintain economic stability as it does about its military power. The reports published by an economic think tank in Tel Aviv reveal some strange facts.

Startup Nation Tel Aviv think tank only two weeks after the October 7 operation, released a report on the amount of damage caused to the sector. Published by Israel Technology. This think tank predicted that the war would have serious effects on the Israeli economy. Overall, 80% of Israeli technology companies stated that the unfortunate security situation has caused them losses. A quarter of these companies also announced that they have suffered double losses in terms of labor and investment.

More than 40% of technology companies had to delay their investment agreements or Cancel them. Only 10 percent said they were able to hold meetings with investors. In the conclusion section of this report, it was stated: “The uncertainties and decisions of many investors not to take any action due to the current situation have caused a blow to the ecosystem which is already due to a series of variables such as political instability and global economic stagnation to attract capital. It was in trouble.”

New statistics of Israel’s economic losses in the Gaza war/displacement More than 224 thousand people and crisis in the Zionist labor market

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publisher Tasnim News Agency
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