Thu Sep 26 15:00:00 UTC 2024: ## Israel’s War on Gaza Cripples Economy, Exacerbated by Regional Tensions
**JERUSALEM** – The ongoing conflict in Gaza has had a devastating impact on Israel’s economy, leading to its deepest decline in years. With military spending soaring, borrowing reaching record highs, and revenues plummeting, Israel’s economic outlook is grim.
International confidence in the Israeli economy is waning, as businesses and investors are wary of the ongoing conflict. The exodus of highly skilled workers seeking stability is compounding the problem, making it difficult for Israel to attract new talent. Economists fear a wider war in the Middle East, particularly with Lebanon’s own economic crisis, would further strain the Israeli economy.
The conflict has also had a significant impact on the Lebanese economy, which is already facing a deep crisis. A war with Israel would further strain their resources and exacerbate the existing economic hardship.
While the focus remains on the humanitarian crisis in Gaza, the economic consequences for both Israel and Lebanon are far-reaching and will have lasting implications for both countries.
First Piper 