A war with Lebanon is the most disastrous scenario for Israel’s economy

According to Webangah News quoted by Mehr News Agency, the Economist economic publication announced that the worst scenario for Israel’s economy is an all-out war with Lebanon’s Hezbollah.

According to this report, as a result of this war, Israel’s economic growth will be severely affected, and the effects of these damages will probably be greater than the damages of October 7 last year; Moreover, the army’s expenses will also increase significantly.

This economic magazine stated that Israeli banks are currently suffering from capital flight phenomenon. 3 major Israeli banks have announced that the number of people requesting to receive their deposits to transfer them to other countries has increased.

This report states that Israeli economic experts have accepted the fact that the situation will get worse than before.

Economist adds that economic decision makers in Israel now have much more concerns than when the conflict in Gaza started.