Israel's economy has been impacted by over four months of war with Hamas, facing a slight downturn but is projected to grow modestly this year and rebound in 2025, assuming the conflict remains limited to Gaza. Concurrently, Gaza's reconstruction post-conflict is anticipated to necessitate a comprehensive recovery plan, akin to a 'Marshall Plan', as stated by a UN trade body official. The economic damage in Gaza is reported to be fourfold compared to a previous conflict. Additionally, Israel's credit rating has been downgraded due to the prolonged Gaza conflict, highlighting the broader economic repercussions of the ongoing strife.
Gaza will need a new 'Marshall Plan' to recover from the conflict between Israel and Hamas, a UN trade body official said on Thursday, adding that the damage was already about four times that endured during a previous war. https://t.co/b7MQ7b85uW
Watch #MENA in a Minute to learn about the latest #economic developments in the region. Sign up to our MENA blog: https://t.co/UhzCii4VDB Scott Livermore, our Chief Economist shares insights with you into how #Israel's credit rating downgraded as #Gaza conflict drags on. #MIAM https://t.co/JhLpjlLYqQ
Israel's economy is taking a hit after more than four months of war with Hamas, but the economy looks set to grow slightly this year before rebounding in 2025 as long as the conflict stays contained to Gaza https://t.co/IdepB1vKkU
Israel's economy is taking a hit after more than four months of war with Hamas, but the economy looks set to grow slightly this year before rebounding in 2025 as long as the conflict stays contained to Gaza. More here: https://t.co/t6I4fBrdv0
Israel's economy is taking a hit after more than four months of war with Hamas, but the economy looks set to grow slightly this year before rebounding in 2025 as long as the conflict stays contained to Gaza. https://t.co/XyoiW4EYVI
Israel's economy is taking a hit after more than four months of war with Hamas, but the economy looks set to grow slightly this year before rebounding in 2025 as long as the conflict stays contained to Gaza. #economy | #Gaza | #Hamas https://t.co/XyoiW4EYVI