In a reading of what awaits the Israeli economy in light of the battles between the Israeli forces and the Palestinian resistance, Adrian Billot, editor and economic analyst at the newspaper "Calclist", wrote an article after the start of the "Al-Aqsa Flood" operations, in which he talked about the range of risks facing an occupation economy.
Billot reviewed the map of risks facing the Israeli economy, explaining that all parties, including economists, rating companies, international organizations and the press, confirmed that the risks facing Israel's economy are on the rise.
While it is difficult to estimate the losses and the price the Israeli economy will incur as a result of the "war," Billot said, "In the coming days, we need to closely monitor the basic indicators of the vitality of the economy," such as the shekel exchange rate, the stock market, and the prices of government bonds.
Like all military events and operations against Gaza, "This time it is also impossible to calculate the price that the Israeli economy will pay as long as one decisive factor is unknown: the duration of war and fighting," Billot said.
The author believes that the challenge in the battles taking place these days is doubled, stressing that the operation "Al-Aqsa Flood" is different from previous operations, as the damage will be clear.
Will Moody's downgrade Israel?
At a time when battles rage on the Gaza front after the resistance opened the battle of the "Al-Aqsa flood" against the Israeli occupation, attention is turning in Tel Aviv to the meeting of senior officials of the credit rating agency "Moody's" to determine Israel's credit rating, and the repercussions of the war on the entire Israeli economy.
Moody's has previously warned Israel that political division and internal crises, most notably the months-long protests over changes to the judiciary, will have repercussions on the economic situation.
In April, Moody's downgraded Israel's credit rating from "positive to stable."
According to the economic analyst, Moody's officials will have to decide whether to lower their expectations for Israel's affiliation rating, knowing that before the war broke out there was no downgrade.
On the flight schedule at Ben Gurion Airport shows the cancellation of many flights (Getty Images)
Sectors most affected
The economic affairs editor of the newspaper "Calclist" reviewed the sectors that will suffer losses and are affected by the war, and said, "The tourism sector and the concert and events industry will be significantly affected."
All studies and tests conducted by economic bodies have shown that under previous military events and operations, the economy was able to recover quickly, but now the situation is completely different.
Billot said that the current round of conflict is taking the Israeli economy to a turning point, and that the cycle of the economy will shift from growth to slowdown and recession, adding that the budget deficit is expected to eventually reach double the previously expected rate of 1.8% of GDP.