S&P Ratings Agency: Israel is Heading for a Severe Economic Recession

The Al-Aqsa storm and the Zionist regime's war against the Gaza Strip have had various impacts, one of the most important of which is the increasing economic challenges faced by this regime. According to a report on the RT website on Saturday (17/11/2023), the S&P rating agency announced that Israel's war with Palestine would have a negative impact on gross domestic product (Israel) in 2023 and 2024. Zionist soldiers were injured A report by ratings agency S&P this week showed that, amid geopolitical and security risks from resistance forces' operations, Israel's economy will contract by 5 percent in the fourth quarter of this year. Citing a decline in business activity, falling consumer demand and an uncertain investment climate in Israel due to the war with Gaza, S&P estimates that Israel's fiscal deficit in terms of GDP will reach 5.3 percent in 2023 and 2024, comparable to the agency's forecast of 2.3 percent in the period before the war.

 According to this report, the Zionist regime has significantly increased the cost of financing the war and paying compensation to businesses close to the Gaza border, as well as paying compensation to the families of victims and prisoners in the hands of resistance forces. This situation has led to an unprecedented budget deficit, which reached six billion dollars last month. This number has increased more than seven times compared to last year. Al Mayadeen TV: Many Zionist Soldiers Killed in Beit Hanoun Apart from hitting the Zionist regime's economic sector, the Gaza war also had a negative impact on the Zionist regime's tourism industry as one of its most important economic resources. According to announced statistics, Israel's tourism revenue was more than 5.5 billion dollars last year, which will experience a sharp downward trend this year due to the conflict and of course political problems in the Occupied Territories.