Hebrew Newspaper Warns of Severe Economic Recession Threatening Israel
An Israeli Hebrew-language newspaper has acknowledged the long-term repercussions of the war against Gaza, two years after its onset.
According to the English section of webangah News Agency, citing mehr News Agency and Shihab, the Hebrew-language newspaper Calcalist reported that the labor market in the occupied territories is facing severe stagnation amid a continuous economic decline as the war began.
The report states that wage data in the occupied territories clearly reflect an economic crisis hitting deep within Israel’s structure.
It further highlights a drop in average wages, incomes, and active workforce participation in the high-tech sector. This decline targets one of Israel’s key pillars for economic growth. Technology companies are confronting an investment slowdown alongside growing financial pressures.
News Sources: © webangah News Agency, Mehr News Agency, Shihab
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