Already a humanitarian crisis, war with Hamas could have major impact on Israel's economy
Publishing timestamp: 2023-10-12 12:00:53
Summary
More than 300,000 Israeli workers, including teachers, tech workers, and entrepreneurs, have been called up as reservists for duty due to the conflict with Hamas. The economic damage will depend on how long they are away from their jobs. Some sectors, like tourism, will be immediately affected, but there may be an increase in tourism and investment once the fighting ends. The Israeli stock index has declined, but there have been no new warnings about Israel's debt. Despite the current challenges, there is confidence in a military victory and potential economic improvement in the long term.
Sentiment: MIXED
Tickers: GOOGL, INTC, ORCL, MOS, GOOG, CF, MSFT, AAPL,
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Source: https://www.cnbc.com/2023/10/11/hamas-war-could-affect-israel-economy.html