Page content
Wars cost Israel more than $100 Billion: Economic toll mounts
Economic pressures on Israel are intensifying as the fallout from the wars in Gaza, Lebanon and Iran continues, amid rising military spending and public debt, credit-rating downgrades and growing living costs. These challenges are raising concerns about their impact on economic growth, investment and the labor market in the coming years. Public debt has also climbed from $290 billion in mid-2023, equivalent to 60% of GDP, to around $370 billion, or more than 68% of GDP. It is expected to reach $400 billion by the end of the year, equivalent to about 70% of the size of the economy. [...]