Israeli economic activities were subjected to heavy damage, due to the war on the Gaza Strip, which arranged serious problems related to the decline of the provision and the weak supplies to the markets, as well as the acute shortage of employment, either because of their summoning to recruit in the Israeli army or desert them abroad.
(The Central Bank of Israel) revealed in the latest report on the performance of the Israeli economy for the year 2024, that the country’s gross domestic product increased only by 0.9 percent, when it was compared to growth in 2023, and that the productivity of the corporate sector, Mennit with a contraction of 0.8 per cent .. He also stressed that in light of monetary policy in the budget of the year 2024, the major dilemma that the government faced was the balance between immediate needs For the war on the one hand and the survival of the financial sustainability path on the other side, revealing that the government funded the war by increasing the public debt of the state, and took steps disabled for economic activity.
The newspaper (Gorzalim Post) reported that a relative increase in the supply of the labor market has occurred throughout the year, but it did not reach the level of recovery, due to the main due to the fact that Palestinian workers are not allowed to enter Israel, and that many Israelis were absent from their work sites, either because of their recruitment and summoning with the Israeli army, or because of their departure from the country because of military operations.
- UNICEF warns of the escalation of waves of violence against children in Sudan - the seventh day
- The Palestinian Red Crescent: The fate of 9 ambulance crews, south of Gaza, is still unknown for 3 days - the seventh day
- Lebanese health: a soldier was killed and two people were injured in an Israeli attack on Kafr Kael - the seventh day
The report of the Israeli Central Bank stated that preventing Palestinian workers from entering into the Israeli interior led to a shortage of workforce from manpower by 3.4 percent at the level of the corporate sector, and joining military service in the Israeli army led to an additional decrease in 1.5 percent.
The bank revealed that despite the relative improvement throughout the year in light of the decrease in the severity of military operations, the gross domestic product and other indicators that have been relatively improved, but their rates were less compared to the pre -war period.
The annual inflation rate increased to 3.2 percent slightly higher than 2023, according to the central bank, which indicated that this contradicts the global inflation direction that tended to moderation.
- Netanyahu: Trump and I work to implement his plan to remove Gaza residents of their own free will - the seventh day
- The escalation of international condemnations of Israeli raids on Gaza, amid calls for an immediate stopping to fight - the seventh day
- The Israeli occupation ascends its aggression against the Palestinian city of Tulkarm and its camp - the seventh day
The report pointed out that the war on Gaza has caused the risk commissions to rise on the Israeli economy, which has increased significantly since the beginning of the war, and an additional medium increase occurred throughout the year in light of the escalation of geopolitical risks, noting that risk commissions have receded (although they were still higher than they were before the war) in the wake of the decrease in security risks with the arrival of the ceasefire and its entry into force.
- The Houthis announce the targeting of the American aircraft and destroyer carrier - the seventh day
- Hamas: The Israeli occupation is evaluating the ceasefire agreement - the seventh day
- The Palestinian Red Crescent: The fate of 9 ambulance crews, south of Gaza, is still unknown for 3 days - the seventh day
Regularly, the report touched on the improvement of monetary trends in recent months, with revenue decreasing on government bonds and enhancing the value of the shekel.
- UNICEF warns of the escalation of waves of violence against children in Sudan - the seventh day
- Hamas warns of famine in Gaza, during the month of Ramadan - the seventh day
- World Food Program: We have food within the Gaza Strip for a month - the seventh day
However, he returned and that the deficit in the GDP of 2024 escalated to 6.8 percent, which is higher than expected after March update in the 2024 budget numbers.
- Hamas: The Israeli occupation is evaluating the ceasefire agreement - the seventh day
- The escalation of international condemnations of Israeli raids on Gaza, amid calls for an immediate stopping to fight - the seventh day
The Israeli Central shed light on the sharp rise in the rate of debt to GDP, which jumped to 67.8 percent at the end of 2024 compared to 61.7 in 2023, and demanded the government to work on providing a clear and transparent plan to reduce the debts of its burdens.
- The Palestinian Red Crescent: The fate of 9 ambulance crews, south of Gaza, is still unknown for 3 days - the seventh day
- Hamas: The Israeli occupation is evaluating the ceasefire agreement - the seventh day
- Hamas warns of famine in Gaza, during the month of Ramadan - the seventh day
He indicated that despite the steps adopted by the Israeli government to abuse with the rise of religion, the government structural deficit amounted to 3.6 percent, which exceeds the government’s pledges to remain less than the rate of debt to the gross domestic product (which was set by 3%), and attributed this to the government increasing its permanent expenses in parallel with the high cost of war expenses.
He pointed out that the increase in spending on war and security in Israel in recent periods has led to the opposite of the direction that allowed the government during the past two decades to increase civil spending without imposing taxes on the Israelis.
