One of the overlooked aspects of Israel’s genocide operations in Gaza is the economic impact to their economy. Analysts are anticipating their economy will seriously contract as a result of the war.

RT:

Israel’s economy will contract 5% in the fourth quarter of this year amid rising geopolitical and security risks due to the conflict with Palestinian military group Hamas, credit rating agency S&P said in a report this week.

The rating agency cited lower business activity, falling consumer demand, and a “very uncertain” investment environment.

S&P projects an Israeli fiscal deficit of 5.3% of GDP in 2023 and 2024, compared with the agency’s pre-war estimate of 2.3%.

The Israeli government has significantly increased expenses to fund the military and to compensate businesses near the border with Gaza, as well as the families of victims and hostages taken by Hamas. This has led to a record budget deficit, which last month ballooned to $6 billion, a more than sevenfold increase compared to one year ago.

The S&P report comes after the agency downgraded Israel’s credit outlook from ‘stable’ to ‘negative’ last month, just two weeks after the conflict began on October 7. Ratings agencies Moody’s and Fitch have both put Israel on review for a downgrade.

They’re going to have a hard time finding people who will want to make investments in Israel as all of this is going on. The people with existing investments may even start looking for an exit.

The future of Israel is in peril over this. Their ongoing genocide agenda has turned most of the world against them. Their military operations in Gaza are also not going well. They’ve been effective at killing defenseless people by bombing hospitals, residential buildings etc.. but they haven’t achieved any substantive military victories.

I mean, what sort of assholes bomb and attack a hospital and then plant a flag above it acting as if you did something heroic?

Meanwhile Hezbollah is continuing to strike Israeli military sites in the north.

Hamas has also destroyed many Israeli tanks and military vehicles.

The longer this goes on, the worse it is going to be for Israel.

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