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Article by Mtanes Shihadeh examines the high economic and financial costs of Israel’s ongoing war on Gaza and its expansion into Lebanon, highlighting unprecedented military spending, budget deficits, and declining economic growth. It argues that despite significant disruptions across various sectors, the Israeli economy remains resilient, bolstered by US support, arms exports, and a strong high-tech industry, while government policies risk deepening long-term economic instability. Spanish translation available.