Israel's War with Hamas Takes Heavy Economic Toll, Costs Estimated $48 Billion So Far
• Israel's war with Hamas has cost an estimated $48 billion so far and the country will likely need to borrow money domestically to help pay for it
• The war is estimated to be costing Israel's economy around $270 million per day
• Israel has already raised over $18 billion in local bond issuances since the conflict began on Oct. 7
• The war has widened Israel's budget deficit significantly, now at 2.6% of GDP compared to 0.3% a year earlier
• Credit rating agencies have warned of potential downgrades for Israel, but its ability to curb deficit spending will be key to avoiding this