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War with Hamas tests Israel’s economic resilience

Tel Aviv | From small restaurants to high-tech companies and a major gas field run by Chevron, Israeli businesses are being convulsed by the war against Hamas.

Many are comparing the shutdowns that have hammered the $US520 billion ($818.6 billion) economy to the COVID-19 pandemic, with schools, offices and building sites emptying or opening for only a few hours a day. Israel mobilised a record 350,000 reservists before its ground offensive on Gaza, draining roughly 8 per cent of the workforce.

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    Original URL: https://www.afr.com/world/middle-east/war-with-hamas-tests-israel-s-economic-resilience-20231030-p5eg65