How Israel’s War in Gaza Is Hurting Its Own Economy
Big Take23 Tammi 2024

How Israel’s War in Gaza Is Hurting Its Own Economy

Over the last few decades, Israel has transformed itself from a relatively poor agrarian economy to a global startup haven. Its per capita GDP now exceeds that of France, the UK and Japan. But with Hamas’ attack on Israel – which killed 1,200 people and claimed more than 200 hostages – and Israel’s subsequent invasion of Gaza, that economic trajectory could be at risk.

Some 360,000 Israeli reservists were called to serve in the military in the days that followed October 7th, destabilizing Israel’s workforce, while economic growth is forecast to have plummeted in the last quarter of 2023. And as Israel continues its invasion of Gaza – a war that has already claimed the lives of more than 25,000 Palestinians, according to Hamas officials – Israel’s military spending is expected to balloon. The country’s just-released 2024 budget calls for $19 billion in war-related expenditures.

On today’s Big Take podcast, Israelis involved in building the country’s vibrant start-up ecosystem share their stories of how the aftermath of October 7th has impacted their employees and the community’s operations – and Bloomberg’s Galit Altstein walks us through what it could all mean for Israel’s economic future.

Read more: An Isolated Israel Doubles Down on War in Gaza — At All Costs

This episode was produced by: David Fox
Senior Producers: Naomi Shavin and Gilda Di Carli
Editors: Caitlin Kenney and Jordan Fabian
Executive Producer: Sage Bauman
Sound Design/Engineer: Blake Maples and Alex Sugiura
Fact-checker: Adriana Tapia
Special thanks to Galit Altstein and Israel bureau chief Ethan Bronner for the reporting that inspired this episode.

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.

Jaksot(882)

Why China’s Citizens Have Had Enough of Covid Zero

Why China’s Citizens Have Had Enough of Covid Zero

Senior executive editor John Liu joins Wes from Beijing to talk about the protests happening across China, as anger at the government’s Covid Zero policy boils over. John walks through why and how the...

2 Joulu 202224min

The UK’s Gambling Nightmare Is Heading to the US

The UK’s Gambling Nightmare Is Heading to the US

Online gambling is enormously popular in the UK. Millions of people spend hours a day playing  catchy games on their phones that keep them spinning–even when they’re losing big. No surprise that onlin...

1 Joulu 202227min

Young Kids Love TikTok–and That’s a Serious Problem

Young Kids Love TikTok–and That’s a Serious Problem

A heads up: This episode is on a difficult subject and some of it isn’t easy to listen to. You might want to listen with headphones if children are nearby. In just a few short years, TikTok has become...

30 Marras 202239min

China Sets Up Shop Right Next Door to the US

China Sets Up Shop Right Next Door to the US

As China seeks to grow its economy and increase its global influence, it’s lending billions of dollars to help governments around the world fund big, expensive projects that otherwise would be out of ...

29 Marras 202227min

Be Honest– Do You Like Your Boss?

Be Honest– Do You Like Your Boss?

A good boss can make the difference between a job you love and one you can’t stand. Workers are more willing to suffer bad bosses when the job market is tight. But when they have choices–like now in t...

28 Marras 202227min

Just How ‘Green’ Are Green Bonds?

Just How ‘Green’ Are Green Bonds?

Green bonds are surging in popularity across the globe, as companies and governments want to show they’re investing in environmentally friendly projects–and people want to feel good about where they’r...

23 Marras 202226min

Inside A Culture Clash At Apple

Inside A Culture Clash At Apple

A growing number of workers at Apple Stores across the US believe the company they once loved to work for is changing–and they’re not happy about it. They say the famously low-key, no-pressure showcas...

22 Marras 202228min

You Might Think Twice Before Buying Those New Jeans

You Might Think Twice Before Buying Those New Jeans

Shein is one of the biggest fast-fashion brands in the world. Young women and girls film their “Shein hauls” for TikTok — showing off piles of trendy, cheap clothes they bought from the Chinese compan...

21 Marras 202223min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
tervo-halme
viisupodi
rss-vaalirankkurit-podcast
rss-podme-livebox
rss-pinnalla
rss-girls-finish-f1rst
aihe
the-ulkopolitist
otetaan-yhdet
rss-asiastudio
rss-ulkopoditiikkaa
et-sa-noin-voi-sanoo-esittaa
rss-kaikki-uusiksi
rss-raha-talous-ja-politiikka
rss-vain-talouselamaa