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Israel's economy is not down, it grew by 2% in 2023. 19.4% decline is in GDP numbers for the fourth quarter which in event of a war is reasonable. Gaza's economy is dead and gone in comparison b'coz of the war.
Clearly the economy has been affected and the figures show this. Only difference is the US will subsidise any shortfall. That’s the key. It’s like an open cheque book.Nearly a 20% drop is massive and larger than what was seen during Covid-19 for western countries.
As long as the Gazans are able to even force a couple of divisions of Zionist terrorist facing up against Gaza permanently and Hezbollah keeps emptying the northern parts of Palestine, then the Zionists can be slowly stranged economically. BDS may also ramp up to apply more pressure.
Clearly the economy has been affected and the figures show this. Only difference is the US will subsidise any shortfall. That’s the key. It’s like an open cheque book.
Perhaps the Turkish will give them credit for the oil they are supplying too?
You call this "war" when they are fighting teenagers wearing trainers with home made rpgs and guns?
LOL.
Forget about the growth for the whole year which is mainly as a result of massive US and western aid in the form of cash, forced market access and outright directed investments by major corporations like Intel and Apple to prop up the settler entity.
What matters is the massive contraction and as long as this can even be kept going at a low level with the settlers not totally secure, they can be bled economically.
PS - Occupied Gaza that cannot control its borders, airspace or waters never had any economy anyway and so talking about that is moot.
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