Economy

Hamas war could affect Israel economy

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Israeli armuy soldiers deploy at a position near the border with Gaza in southern Israel on October 11, 2023.

Menahem Kahana | AFP | Getty Images

As Israel prepares for what could be a long war with massive humanitarian implications, there are also concerns about how a protracted fight could weigh on the country’s dynamic economy.

Since Hamas militants staged a surprise terrorist attack over the weekend, Israel’s defense forces called up more than 300,000 reservists for duty, an unprecedented number in recent history. Israel’s standing army, air force and navy is is comprised of 150,000 members. 

The reserve force, made up of a cross section of Israeli society, has about 450,000 members,…



Source cnbc.com

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