Israel’s economy may look strong, but three years of war have inflicted far greater damage than its robust stock market and appreciating currency suggest.
Israel’s economy may look strong, but three years of war have inflicted far greater damage than its robust stock market and appreciating currency suggest. Defense spending and government borrowing have risen sharply, while falling output and investment point to a prolonged recession. JERUSALEM—Israel’s election results make weeks of political negotiation all but certain. What is equally clear is that whatever government eventually takes office will need to begin reckoning with the mounting costs of Israel’s ongoing wars.