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Israel’s war on Gaza has exhausted the Israeli workforce and forced businesses to close their doors.
Israel began its war on Gaza with deep pockets: $200 billion in reserves and billions in military aid from the United States.
But expenses are skyrocketing, incomes are falling, and borrowing costs are rising.
Israel’s central bank says the war has turned out to be more costly than initially expected.
Many analysts expect the economic impact to be unlike anything Israel has seen in decades.
Meanwhile, Gaza has repeatedly been plunged into darkness despite the abundance of natural gas off its coast.
Elsewhere, we examine whether Argentina’s new president can solve the country’s economic crisis.
