Economic impact of the Israel-Hamas war in Israel - statistics & facts
The Israel-Hamas war started on 7 October, 2023, following the invasion of Palestinian militants into Southern Israel. The attack ignited a multi-front war, which included major operations in Lebanon, Yemen and a 12-day war in Iran. By many indicators, the initial shock of the Hamas attack had a sudden . Israeli consumers were hit with a crisis of confidence and consumer spending dipped in the short-term. However, as the war drags on, increased public expenditure is straining national accounts. The question remains: how will the government balance its budget? And how will the business sector withstand the burden of the longest, most costly war in the country's history?
