Communications

Israel’s economy could shrink even more than that, based on a worst-case estimate by the Institute for National Security Studies at Tel Aviv University. Even in a more benign scenario, its researchers also see Israel’s gross domestic product per head — which in recent years overtook the United Kingdom’s — falling this year, as Israel’s population grows faster than the economy...

At the start of the week, the Institute for National Security Studies published a document titled "Consequences of Continued War on Israel's Economy: Three Scenarios." The document, authored by researchers Tomer Fadlon, Esteban Klor, and Ofer Shelah, examines the potential impacts on Israel's economy if the current situation persists, if there is a comprehensive arrangement...

Residents have fled the region by the tens of thousands. If they decide it will never be safe enough to return home, "it will affect the economy in these places in the long run in a way that could definitely be lethal," said Tomer Fadlon, an economist at Tel Aviv University. ..."If we have a war with Hezbollah, given the arsenal that they have, they can paralyze the country...

Trade with China has improved. A June article at INSS [Institute for National Security Studies] by Tomer Fadlon notes that “trade relations between Israel and China have been consistently and continuously trending upward, especially when it comes to goods.” In 2022, trade amounted to $17.62 billion, compared to $11.83b. in 2020.

Dr. Tomer Fadlon, a research fellow in the Economics and National Security Program at Tel Aviv University’s Institute for National Security Studies (INSS), estimated that Russia’s oil and gas sector accounts for some 55% of national exports and brings in about $1 billion a day. For sanctions on the Russian energy sector to have an impact, “Europe will need to feel the pain,...