Paralysis of the Israeli economy? The war with Iran costs $3 billion a week

Israel's Ministry of Economy announced on Wednesday that economic losses due to the ongoing war with Iran may reach 9.4 billion shekels per week, or over $3 billion.

On Saturday, Israel and the United States attacked Iran, which responds with missile and drone attacks, including: on Israel. The highest level of threat has been declared in the country, schools and some workplaces are closed.

100,000 were also mobilized. Israeli reservists, which affects the functioning of the economy of a country with 10 million inhabitants. For the past five days, bomb scares have been frequently announced throughout almost all of Israel, directing people to shelters.

US and Israeli authorities have reported that the campaign against Iran could last for weeks.

Despite the war with Hamas in the Gaza Strip that has been ongoing since 2023, in 2025 Israeli GDP increased by 3.1%. – noted the Reuters agency. A ceasefire has been in force in the Gaza Strip since October 2025. The growth forecast for the Israeli economy for 2026 was over 5%. GDP. (PAP)

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