Israel faces a big blow in the war against Hamas
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In Gaza, the war has become costly for Israel, with adverse effects on the Israeli economy. According to Israeli experts, Israel's war losses have reached up to 17 billion dollars in just 17 days.
Arab media reports suggest that economic experts estimate Israel's losses to be more than 17 billion dollars, and Israel's GDP is expected to decrease by 3% by the end of the current year. Israeli experts had initially expected a GDP loss of 1.5% before the Gaza war, but to mitigate these losses, they may need to allocate up to 12.5 billion dollars in the last two months of the year.
These estimates are higher than the Bank of Israel and Ministry of Finance's non-official estimates. Israel's 500 billion-dollar economy is one of the largest in the Middle East.
Arab media reports suggest that Israel's war in Gaza is causing significant damage to the Israeli economy, and the World Bank has also expressed concerns about the severe global economic impacts of the Gaza conflict.
