Israel’s economy slumps 19.4% in the fourth quarter as war takes a toll | CNN Business
Israel’s economy slumps 19.4% in the fourth quarter as war takes a toll | CNN Business
Israel’s output contracted sharply in the final three months of 2023, falling for the first time in nearly two years, as the war with Hamas takes a heavy toll on the economy.
Good.
Go fash, lose cash.
Here's hoping the BDS movement gains steam to send those numbers even higher.
In the same time Israel government gives financial incentives for new a settler-colonial migration wave, notably from Western countries only.
Against a backdrop of growing interest in immigration to Israel from Jewish people in France, Britain, America and Canada, Israel plans to give financial aid to new 'olim' in a bid to increase immigration from Western countries
That's OK, the U.S. can cover that for them. No worries, Bibi.
Someone remind me what the U.S. gets out of the BILLIONS we spend on them every year? What do we get? Genocide of vulnerable people? Preservation of some conservative fairy tale about "end-times"? Access to oil being sold by completely different countries who already sell it to us directly? What exactly?
Stop supporting them, for fucks sake. We can use that money on important things instead.
The US gets an unsinkable aircraft carrier in the Middle East they can use as a hub for launching terrorists attacks
Can we just get healthcare instead? Israel has healthcare. Yet we are giving them billions a year. Where the fuck is our healthcare?
Conservatives are pure garbage.
Someone remind me what the U.S. gets out of the BILLIONS we spend on them every year? What do we get? Genocide of vulnerable people? Preservation of some conservative fairy tale about “end-times”? Access to oil being sold by completely different countries who already sell it to us directly? What exactly?
Well, Israel gets to kill US citizens, sell US technology to China, betray US intelligence agents, and cause incredible damage to the US's reputation internationally.
I don't see a downside! /s
Fucking embargo these monsters. See how that effects their economy.
NICE!
Boycott McDonalds
Boycott Intel
Boycott Starbucks
And whenever you see Dates that have origin country "israel" in the supermarket, take a box and put it back on a different shelf.
Making the minimum wage worker who stocks shelves have to put back the boxes you misplace isn’t going to win the war.
Hey hes a job creator. If the stores too neat they'll start downsizing staff.
The idea is that once it's moved by customers to a different section, the store will treat the product as bad and toss it out. Yes you're right more work for the minimum wage guy who has to throw it out now, but the idea is that enough loss on that specific product and the manager may stop ordering that/those brands all together. They might not realize the products are related to Israel, just that the other brands are still selling, so by happenstance, the Israeli dates look inferior due to perceived customer purchasing habits. Eventually they may not be ordered anymore and that affects the parent company in Israel.
It's a really long game, but that's what I gather the goal of that specific protest would be.
Just like those poor minimum wage McDonalds workers being the true victims of pro Palestinians 😔
If it happens enough store chains will tend to see a pattern. McDonalds sure did.
Put it in the freezer with the chicken.
Oh no, not the rich people's yacht money!
Just wait till the sanctions start.
they should be sanctioned but I can't see the USA letting that happen
It was tongue in cheek. The US one party system wouldn't allow for that.
This is the best summary I could come up with:
Gross domestic product (GDP) plunged 19.4% on an annualized basis compared with the July-to-September quarter, when it grew by a revised 1.8%, Israel’s Central Bureau of Statistics said Monday in its initial estimate.
Fixed investment by businesses tumbled 67.8%, “driven by a near-halt in residential building resulting from military call-ups and a reduction in Palestinian workers,” according to Liam Peach, senior emerging markets economist at Capital Economics.
The conflict has made it even harder to raise money, but demand for tech firms’ services has held up well as the industry serves primarily international customers, according to StartupNation Central CEO Avi Hasson.
The world’s biggest tech companies, which collectively employ thousands of people in Israel, continue to do business in the country, Hasson also noted, but added that “huge uncertainty” remained over the duration and consequences of the war.
In a strong vote of confidence, Intel said in December that it would stick with plans to build a chipmaking factory in the south of Israel, pouring $25 billion into the project — an investment Prime Minister Benjamin Netanyahu has described as the biggest in the country’s history.
Jon Medved, the CEO of OurCrowd, a major global venture investing platform based in Israel, told CNN that a delegation of Korean investors was due to arrive in the country within days “despite horribly difficult flight arrangements.”
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