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‘There is no work’: war with Hamas hits Israel’s economy

‘There is no work’: war with Hamas hits Israel’s economy

As the country reels from the deadliest attack on its territory on October 7, companies’ trade on half-empty streets has collapsed.

Before war broke out between Israel and Hamas, Jeremy Welfeld’s brewery in the Israeli town of Emek Hefer produced 50,000 litres of beer a month, while his 14 restaurants around the country drew in thousands of customers each day.

In the two weeks since the conflict erupted, Welfeld’s businesses have ground to a halt. The brewery has produced nothing; 12 of his 14 restaurants are closed, and in one of the two that remain open, just five people came in for lunch last Thursday.

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Financial Times

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Original URL: https://www.afr.com/world/middle-east/there-is-no-work-war-with-hamas-hits-israel-s-economy-20231024-p5eeh0