Israel's Economy at Risk: Impact of War with Hamas

As Israel faces a potential long war with Hamas, concerns arise about the impact on the country's economy. With over 300,000 reservists called up for duty, the economic damage will depend on the duration of their absence from their jobs. Sectors heavily staffed with foreign workers, such as the chemical industry and the Port of Ashdod, may continue uninterrupted. The Israeli stock index is down 6% this week, but there have been no new warnings about Israel's debt. Despite the current challenges, there is confidence in a military victory and potential economic improvement. The tech industry may experience a temporary hit, but the return of soldiers could lead to increased investment and demand, as they bring their battlefield experiences to the security sector.