Israel Finance Minister admits pressure on economy amid Gaza war, acknowledging that the ongoing conflict has placed serious strain on financial stability. His remarks came during a press briefing in Jerusalem, where he outlined the challenges faced by the economy.
According to the minister, the war has disrupted trade, weakened consumer confidence, and reduced business activity. He said that government resources are being directed toward defense and emergency needs, which has increased the budget deficit.
Israel Finance Minister admits pressure on economy amid Gaza war as inflation risks and rising costs of living continue to worry citizens. He noted that several sectors, including tourism, technology, and small businesses, have been directly affected by the conflict.
The government has promised financial support to struggling industries and displaced workers. Emergency funds are being allocated to help businesses remain afloat, while aid programs are designed to ease household burdens. The minister, however, warned that recovery will take time.
He also explained that foreign investments may slow down due to regional instability. International markets remain cautious, and credit agencies are closely monitoring Israel’s financial performance. This uncertainty could affect the country’s long-term growth targets.
Despite the difficulties, the minister expressed confidence in the resilience of Israel’s economy. He pointed to the strength of its banking system and innovative industries as key factors that could support recovery once the conflict stabilizes.
Israel Finance Minister admits pressure on economy amid Gaza war but stressed that national security remains the top priority. He said the government will continue balancing military needs with economic responsibilities.
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