NYPD brass part of delegation in Israel when Hamas launched surprise attackGaza killed hundreds of Israelis
“This round of violence is expected to be more prolonged and severe than previous ones, clearly having a more negative impact on the economy and the fiscal budget,” said Jonathan Katz, chief economist at Leader Capital Markets. The Bank of Israel said it was too soon to assess the economic damage from the conflict but pointed to a 50-day war with Hamas militants in Gaza in 2014 that caused damage of 3.5 billion shekels, or 0.3% of gross domestic product. The central bank has been projecting 3% growth in 2023 and 2024.
Schools were shut and many companies gave workers the day off, and most stores other than supermarkets and pharmacies were closed.Israel’s Manufacturers’ Association said factories were still operating to limit concerns over any scarcity of food and other essential products.