Gaza conflict to dent, not break Israel economy


  • World
  • Tuesday, 29 Jul 2014

JERUSALEM (Reuters) - Israel's war against Palestinian militants in the Gaza Strip is expected to cost it billions of dollars, temporarily hurt economic growth and put pressure on the government's finances.

Analysts and officials compare the current operation to a one-month war between Israel and Hizbollah guerrillas in Lebanon in the summer of 2006, as well as to conflicts in Gaza in 2009 and 2012, when the economy took a hit but bounced back quickly, except for tourism.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Amazon’s Jeff Bezos, Andy Jassy deleted chats amid FTC antitrust probe
Mexican lawmakers approve new pension fund backed by president
Kiribati parliament votes to remove Australian-born high court judge
Musk's X says posts of Australia bishop stabbing don't promote violence
Athletic director used AI to frame principal with racist remarks in fake audio clip, US police say
India begins voting in second phase of giant election as Modi vs Gandhi campaign heats up
US reinstates open Internet rules rescinded under Trump
13 dead in central Senegal road accident
Indigenous people protest Brazil not protecting ancestral lands
Canada launches U.S. dollar global bond to bolster foreign reserves

Others Also Read