from RT
Israel’s economy faced one of the biggest contractions in the country’s history in the fourth quarter of last year due to the ongoing war with Hamas, a report from the country’s Central Bureau of Statistics revealed on Monday.
The country’s GDP slumped by a seasonally adjusted 19.4% in the final three months of 2023, which was the first quarterly drop in Israel’s economy in two years.
The contraction was significantly worse than both the Bloomberg and Reuters consensus forecast of a 10% decline. The hostilities paralyzed businesses, prompted evacuations and a record call-up of reservists, which removed roughly 8% of the country’s workforce, according to economists.
The war caused a severe disruption to Israel’s $520 billion economy, leading to “restrictions comparable to shutdowns imposed during the Covid-19 pandemic, causing a sudden crash in manufacturing, jolting consumption and briefly emptying schools, offices and construction sites,” Bloomberg wrote.
Investment in Israel took the biggest blow, plunging by 70%, while private consumption, a major driver of economic growth, dropped by 27% in the fourth quarter. Public consumption plummeted by almost 90%, data showed.
Meanwhile, government spending skyrocketed by 88.1%, according to the statistics. Increased military spending played a large role in the surge...read more here
Obvious tactic by Hezzies is now that Eilat port on red sea constricted, where of course nearly no ships coming/going lately, tactic is to restrict/constrict trade ships in/out of main med sea port haifa.
ReplyDeletehttps://www.worldatlas.com/r/w768/upload/fc/1d/5a/redsea-01.png
If true here this out late aftn 19th, then it's the 3rd ship hit today, not with drones either. Early Monday story said a brit bulk carrier was hit with one of these missiles, and sinking, crew rescued.
https://www.presstv.ir/Detail/2024/02/19/720396/Yemeni-army-American-ships-naval-missiles
Yemeni army says hits two American ships with ‘appropriate naval missiles’
Monday, 19 February 2024 10:45 PM
here's more leakage on the defective shit being pushed out the door by mic companies, but of course this case it's a civilian a/c product in the news lately:
https://www.youtube.com/watch?v=ejPbSc5WclY
3:51
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