Israel's war losses reached 17 billion dollars in three weeks

Israel's war losses reached 17 billion dollars in three weeks

About 80 percent of all projects under construction in Israel have been frozen, according to global media

Bank of Israel

Israel's war losses have reached 17 billion dollars in just 22 days after the attack by Hamas.

According to the details, after the attack of Hamas, the war-crazed Israel's economy is having bad effects. According to economists, Israel's war losses have reached 17 billion dollars in just 22 days.

According to the report, since the October 7 attack, all sectors in Israel, including construction, technology, agriculture and textiles, have been severely affected by labor shortages.

The construction site of the luxury Mandarin Oriental hotel on Tel Aviv's waterfront is at a standstill, cranes and other machinery are lying idle, and it appears that about In Israel, eighty percent of all building projects are on hold.

Reports from international media indicate that by the end of this year, Israel's $500 billion economy—one of the biggest in the Middle East—will have a 3 percent GDP deficit.

Arab media reports indicate that Israel's war in Gaza is seriously harming the country's economy. How the economy won't suffer when 160,000 people become homeless is a common misconception.