The Israeli economy has also been harmed – and Israel, rather than Hamas, will decide when the shooting will stop. Some economists compare the blow to the Israeli economy to that of the coronavirus pandemic in 2020. Policy makers and opinion leaders are now asking: How will the cost of war affect its duration? How does this Gaza war compare to previous conflicts? “If spending on the war reaches about 150 to 200 billion shekels, that would be a quarter of the war costs.

Source: Washington Post December 31, 2023 11:45 UTC