Posted 3/31/2024, 4:09:15 PM
Israeli-Hamas Conflict Takes Toll on Economy, Says Central Bank
- Israeli central bank says war with Hamas hurt economy in many ways like lower GDP, exports, private spending and investment
- Construction and agriculture industries especially impacted due to lack of Palestinian workers
- Bank governor calls for informed, multi-year defense budget to account for economic impacts
- Judicial overhaul also created economic uncertainty, financial market volatility in 2023
- Israeli economy faces structural challenges like low productivity and getting ultra-Orthodox and Arab women into workforce
