Newspaper: Economic despair increases in northern Israel. More than 500 homes were destroyed, tens of thousands were evacuated, and thousands of businesses were destroyed.
The loss is not limited to the financial aspect only, but with each passing month, the Galilee is losing about 10% of its population. The Central Bank of Israel had warned Israeli families against further borrowing, and wrote in its financial stability report for the second half of 2023 that Israeli banks had agreed to postpone the repayment of nearly 6 billion shekels (about 1.6 billion US dollars)