The Intelligence: higher-for-longer interest rates
The Intelligence from The Economist
00:00
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.
Transcript
Play full episode
