The fall of 19.4% of the economy of the Israeli regime

The Central Statistics Office of the Zionist regime reported on Monday that Israel’s economy in the last quarter of fiscal year 2023 has decreased by 19.4 percent compared to the previous quarter due to the ongoing military conflict with Hamas forces in various parts of Gaza.

According to Baha News, this conflict, which started with the operation of Hamas forces on October 7, has affected various economic sectors of the Zionist regime. Private spending, a key part of economic growth, fell 26.9 percent, while exports fell 18.3 percent and investment in fixed assets, mainly residential buildings, fell 67.8 percent. In contrast, government spending, which is mainly directed to the military sector, increased by 88.1 percent.

Earlier, the credit rating agency Moody’s has lowered the credit rating of this regime to A2 for the first time since Israel joined the rating scheme of this agency.

The Israelhome website wrote that this downgrade means that the outlook for Israel’s economy has become negative due to the war in Gaza, and it means that this downgrade may continue.

The Zionist media did not consider the downgrading of this regime’s credit rating by Moody’s Institute as just another slight blow to the Zionist economy and announced that after the security failure, the dimensions of the economic failure have also been determined.