Israel's Economy Struggles Amid Hamas Conflict

INSUBCONTINENT EXCLUSIVE:
security door manufacturing plant in southern Israel.They do this in response to Palestinian rocket warnings
This situation, affecting the Rav-Bariach group, reflects broader economic impacts.The plant in Ashkelon is close to the Gaza Strip border
this as their current reality
Many workers are either in the military or have moved for safety.As a result, the plant runs with a reduced workforce.Ravid Brosh, in charge
factory on October 10
This attack exemplifies the wider risks to Israeli businesses.The initial Hamas attack in Israel resulted in about 1,200 deaths
(Photo Internet reproduction)The country called up about 360,000 reservists for the Gaza offensive
Hamas states over 12,300 people, mostly civilians, died in the Israeli attacks.In Israel, the conflict caused at least 125,000 people to
leave their homes.These displacements occurred in both southern Israel and near the Lebanon border
the severity of this conflict
He compares it to previous crises, finding it more significant.He highlights that industries like construction are especially affected
This is due to suspended work permits for Palestinian laborers.The hospitality and restaurant sectors are also struggling
Some expect a downturn, but the Bank of Israel predicts 2.8% growth in 2024.The technology sector, a major part of the economy, is key to
this resilience
A survey showed that 70% of tech companies had project cancellations since the war began.If the conflict extends to northern Israel, the
impact could worsen dramatically
impact.With information from AFP