19 October 2023
Date Posted: 18-Oct-2023
Author: Guy Anderson, London
Publication: Jane's Intelligence Review
The outbreak of conflict between Israel and Hamas-led groups on 7 October 2023 has led to the disruption of Israeli life and its economy. Guy Anderson assesses the economic impact of the conflict so far and how the continued disruption may affect the country's economy
Key points
Israel's dynamic, export-orientated economy is very unlikely to experience long-term damage as a result of the conflict with Gaza that began on 7 October, although short-term disruption is very likely and there is a roughly even chance of reduced medium-term growth.
The call-up of reservists by the Israel Defense Forces (IDF) is the principal source of short-term disruption with the potential to hamper commercial activity through workplace absences and reduced consumer activity at home. However, impaired trade ties within the Middle East region and beyond have the potential to subdue the trajectory of future export growth.
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The outbreak of conflict between Israel and Hamas-led groups on 7 October 2023 has led to the disrup...