Gaza War, Lack of Palestinian Labor, drives Contraction of Israeli GDP, with 46K Businesses Shuttered

TOI quoted Jonathan Katz, chief economist at Leader Capital Markets, as saying that supply bottlenecks contributed to the slowdown, as did a 26% fall in construction investment because of the lack of — get this — Palestinian laborers! Israel is at full employment, given the call-up of reservists into the army, and the labor shortage is also a big drag on the economy.


Gaza War, Lack of Palestinian Labor, drives Contraction of Israeli GDP, with 46K Businesses Shuttered