A year after Oct. 7, Israel’s economy battered by endless multifront wars
A year after the deadly attack on southern Israel by the Hamas militant group and the ensuing war in Gaza, the direct cost to the Israeli economy has been more than 100 billion shekels ($26.3 billion), according to the Israeli Finance Ministry.
One year on from the devastating Oct. 7 attacks on Israel's border communities and the brutal ensuing war in Gaza, Al-Monitor is marking the anniversary with special coverage. It includes interviews with prominent Palestinian and Israeli figures along with reports from Gaza, Jerusalem and Tel Aviv.
Israeli Prime Minister Benjamin Netanyahu vowed to keep fighting his multifront war in Gaza and Lebanon until “total victory,” but Israel’s economy has already been a major loser in this conflict.
A year after the deadly attack on southern Israel by the Hamas militant group and the ensuing war in Gaza, the direct cost to the Israeli economy has been more than 100 billion shekels ($26.3 billion), according to the Israeli Finance Ministry.
Yet the real cost is even higher, the 100 billion is based on the ministry’s latest figures, through August, covering only the direct cost of the war in the Palestinian enclave and not indirect costs like shortfalls in tourism and other industries.
