Thursday, 2 May 2024 • 7 pm Israel Time|12 am EST
Seventh months into the war, what is the economic impact of the October 7 massacre perpetrated by Hamas and the ensuing military operation in Gaza on Israel’s economy?
“We saw that in the aftermath of the terrorist attack, in light of its impact on sectors like tourism, agriculture, construction, and more in October, November, and December, the GDP lost about 5%, which on an annualized basis stands at about 20%, which is obviously a huge shock to the economy,” Zaikin said in a conversation with The Jerusalem Post editor-in-chief Zvika Klein. “However, if we look at what happened afterward, that is quite interesting.”