The Intelligence: higher-for-longer interest rates
The Intelligence from The Economist
The Impact of the War on Israel's Economy
Firms have closed due to Hamas's attack, impacting Israel's economy. Tourism has also come to a halt. The Central Bank has cut its growth forecast from 3% to 2.3%. The economy is vital for the war effort, so policymakers are planning for the challenges ahead. The biggest issue is the lack of workers, with 360,000 reservists being mobilized, putting a strain on the economy and risking financial ruin similar to the Yom Kippur War.
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