Richard Brown – Natural News July 14, 2024
Forty-six thousand Israeli businesses have been forced to close due to the ongoing war and its devastating impact on the economy, Hebrew-language newspaper Maariv reported on July 10, describing Israel as a “country in collapse.”
“This is a very high number that encompasses many sectors. About 77 percent of the businesses that have closed since the beginning of the war, roughly 35,000, are small businesses with up to five employees, and are the most vulnerable in the economy,” said Yoel Amir, CEO of CofaceBdi, an Israeli information services and credit risk management firm to Maariv. (Related: Israel’s DEBT has doubled to nearly $43 billion since declaring war on Gaza.)
The report highlights the most affected industries, with the construction sector and its related ecosystem, including ceramics, air conditioning, aluminum and building materials, experiencing significant damage according to CofaceBdi’s risk ratings.
The trade sector, including services and industries such as fashion, furniture, housewares, entertainment, transport and tourism, has also been severely impacted. The report notes that “there is almost no foreign tourism,” with business damage prevalent across the country, affecting almost every sector.
The agriculture sector has also been hit hard, with the most affected being those that operate to Israel’s north and south, where active combat zones due to threats from Palestinian resistance and Lebanon’s Hezbollah have affected operations. These regions’ instability has further contributed to the economic downturn.
Amir estimates that by the end of 2024, 60,000 Israeli businesses could be shut down.
Hezbollah’s attacks have severely disrupted local business and education in the north, forcing tens of thousands of settlers to evacuate. “Our goal of draining the enemy’s economy has been achieved,” Hezbollah leader Hassan Nasrallah stated on July 10.
Additionally, the Yemeni army’s maritime operations have contributed to the economic decline, significantly reducing revenues at key ports like Eilat in the south.
Israeli economy shrinking due to war
In the final months of 2023, Israel’s GDP plummeted by nearly 20 percent. The threat of escalation with Hezbollah raises concerns that any full-scale war with the Lebanese resistance could plunge the economy even deeper into crisis. Recent video warnings from Hezbollah demonstrate their capability to target critical energy infrastructure, including oil refineries and gas tanks.
Data released back in February showed that Israelis sharply curtailed spending, travel and investment at the end of 2023 as Israel’s all-out war on Hamas militants in Gaza took a heavy toll on the economy.
The war halted economic growth, particularly with a massive call-up of reserves and tens of thousands displaced from border towns near Gaza and Lebanon due to constant rocket attacks from Hamas and Hezbollah.
According to an initial estimate of gross domestic product from the Israel Central Bureau of Statistics, the $500 billion economy contracted by an annualized rate of 19.4 percent in the fourth quarter from the prior three months. This contraction was double the rate expected in a Reuters consensus.
Despite the severe impact in the fourth quarter, 2023 as a whole ended with positive growth.
“The contraction of the economy in the fourth quarter of 2023 was directly affected by the outbreak of the Iron Swords War on Oct. 7,” the statistics bureau noted, using the Israeli government’s name for the current Israel-Hamas conflict.
For all of 2023, the economy grew by two percent, compared to 6.5 percent in 2022 but above the Organization for Economic Cooperation and Development (OECD) average of 1.7 percent. However, per capita GDP slipped by 0.1 percent last year, compared to an OECD average of 1.2 percent growth.
Until Hamas’ Oct. 7 cross-border attack on southern Israel, the economy was on track for growth of about 3.5 percent in 2023. However, October was particularly tough, with the conflict dampening Israeli moods and their desire to participate in the economy. Movie theaters and other entertainment venues were largely closed, though they have since reopened.
Depending on the length of the conflict and whether it expands to other fronts, the economy is expected to grow by as much as two percent in 2024. The central bank and other experts expect a sharp economic rebound in 2025, based on the view that Israel’s economy is fundamentally sound, led by the high-tech sector, and has shown resilience after prior conflicts.
Watch this short clip of a group of demonstrators in Tel Aviv lighting a fire in protest of the Israeli government’s policies.
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The Israeli/Jews have a failsafe economy….if things go belly up the already struggling Americans will step in and throw the goyims money at it……that means the jews in America who own all the major corporations…..
You get sick of the American crypto jews predicting imminent collapse.
How is it that this situation wasn’t predicted….perhaps the renown arrogance of most jews…in short they think they’re fucking Christmas.
As has happened in the past their tricks are being exposed…even their habit of disguising their identity….like that disgusting lying kike…Mayorkas.
It is highly unlikely they would try to smear Palestinians again like they did with Kennedy 2….it is now accepted the Palestinian they set up had nothing to do with Kennedy 2 murder.
Great!
Viva Yahya Sinwar 😬
When businesses close many owners will feel compelled to flee. Who’d spend their savings where their business was forced to close? It’s another diaspora, and as the reason is their government is committing genocide they will not be welcomed in most places. For all their pleas of innocence their government came from people amongst themselves. They’ve been tainted by what people just like them have done.
“Are we witnessing the beginning of the end of Zionism”
We need to know, and the answer is NO, is the simple answer.
It will spring up somewhere else just like highly poisonous mushrooms waiting to poison and destroy the desperate, the gullible, those evil enough to run with the greediest satanists on Earth, (and from beneath it too).
The overriding point being that the evil are planning ahead, quite possibly the architects of their own downfall in the first place in a massive act of deception, fooling the easily fooled into believing the evildoers have been defeated, the goyim lapse back into their preferred coma and evil emerges yet again at a later date to persecute the perennially comatose goyim.
We must defeat this evil with all of our ‘groups’ uniting and opposing them as we stand shoulder to shoulder and from there on remain FOREVER VIGILANT and return to our own comfortable homelands and checking DNA forever more.
Its all Orwell news. Since Oct 7 was an IDF-Hamas-Mossad psyop/hoax then everything that proceeds from it is following a predetermined script as well.
The antichrist Bibi Satanyahoo is taking the nation down into perdition.
Who cares how many businesses close? Jews should be fleeing for their lives, the war will soon engulf Israel proper. Flee or get caught like a rat in a sinking ship.
The really funny thing is that Abraham never existed, Jews are an invented people, the holy book is not history, it is fake religious literature that appeals to stupid people with big egos and bad attitudes.
Being a Jew means you can make money while being evil – that is what it is really about. Being a Jew means you can kill without guilt, gouge, lie, steal, defame, etc.
No God told no Abraham to kill Isaac as a test of loyalty. That is the most sick and demented story ever. No God wanted Jesus to die on a cross so he could change his mind about judging us. It is all make believe – meant to fool immature minds and stupid fearful people who fear death.
The wealthy elite write the holy books to control and subdue the rabble. Romans 13 is proof that Rome wrote the myth. Older myths were used to construct a new supermyth. Brahma marries his sister SARAswati, that fable becomes aBRAHam marries his sister SARA. Same characters, same story line, not true the first time, not true the second time.
Since Abraham never existed, no Jew can call Abraham his father, and that means all Jews must get the f-ck out of Palestine, go home and leave those poor people alone.
And Trump is surely on track to be re-elected a 3rd time. He is loyalty to the hell state of Israel. This situation is going to end badly for Israel, and badly for any stupid ZOG mule trying to prevent the inevitable.
Satan is coming to the district of criminals DC July 24th. only 8 days until the DEVIL himself comes to address his CLOWNgress whores who are going to clap for that mad genocidal maniac. It will be a sight to behold. He will want us to attack Iran and want more money! He always needs our money cause he wants to kill some more.
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WHAT A SICK WORLD WE LIVE IN
And it is looking like Trump faked the assassination attempt.
Probably jewish fictitious companies,for the purpose of extracting reparations from the western piggy bank
By their fruits Ye Shall Know Them
The “Synagogue of Satan” does NOT speak Hebrew! The “Jews” use Assyrian square script from Babylon (their Talmudic garbage). The prophet Daniel used “Syriack” that he was taught while in exile. That “Syriack” is Assyrian square script used today, though having gone through grammatical changes over the millennia (the Masoretic texts are an example). Follow Truth! Christ is Truth!
JEWS ! flee to southamerica ! there is lot of
space . your leaders (Rothschild plutocrates)
will carry the war anyway over europa . so
you are not secure here . or go to already
judaized australia ! USA can get some Putin nukes .