An Israeli newspaper reveals the extent of the occupation’s economic losses resulting from the Gaza war

ConfirmThe Israeli Ministry of Finance That monthly loss resulting from the war on Gaza strip It amounts to about $2.4 billion.

On Monday, the Israeli economic newspaper The Marker quoted the ministry as expecting the GDP loss for the current year to reach 1.4%.

Loss of GDP

The newspaper explained that this means that each month of war may lead to a loss of the gross domestic product by about 9 billion shekels ($2.4 billion), noting that this will lead to a stagnation in the per capita share of the gross domestic product.

The newspaper added: This also means that the pace of economic growth this year will reach only 2 percent, noting that previous expectations indicated that it would reach 3.4 percent.

Last October 29, JPMorgan Chase said that the Israeli economy may contract by 11% on an annual basis, in the last three months of this year, with the escalation of the war in the Gaza Strip.

The economy is entering into an existential war

The newspaper considered that the economy is entering into an existential war. The labor market is disrupted, and business sectors are in a state of uncertainty. She continued: The economy was damaged under the impact of the war that broke out on October 7.

She added: The uncertainty about its continuation and the risk of a comprehensive war breaking out in the north (with Lebanon) affects economic activity and causes multi-dimensional damage to the economy.

Israeli Finance Minister Bezalel Smoterich

Israeli Finance Minister Bezalel Smoterich estimated the daily cost of the war on the Gaza Strip at about one billion shekels ($266 million).

A devastating war on Gaza

For the 45th day, the occupation army continues to wage a devastating war on Gaza. It left, according to non-final statistics, more than 12,200 martyrs, including about 5,000 children, 3,250 women, and 690 elderly people, while the number of injured reached more than 29,500, and more than 4,000 citizens are still missing, including 2,000 children.