How Hamas War Is Making Israel Economy Nosedive Even As Netanyahu Pumps Money Into Military Budget

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The Israeli economy is set to become the victim of Benjamin Netanyahu’s war in Gaza as the global credit rating agency has predicted Tel Aviv’s GDP to shrink by 5 percent in the fourth quarter of this year. Earlier it was reported that Israel was spending nearly $250 million daily to wipe out Hamas. The Netanyahu government has increased spending to fund its war in Gaza, which is set to widen the fiscal deficit to more than 5 percent of the GDP.

 

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