Netanyahu touts strong Israeli economy, says country needs to build independent defense industry Prime Minister Netanyahu declared "full faith in the Israeli economy," citing GDP per capita growth from $17,000 to $55,000 over 22 years. He quoted an unnamed analyst saying "I cannot believe I am seeing these numbers. These are not the numbers of an economy that is at war." Netanyahu acknowledged political restrictions on defense industries and vowed to build an independent arms sector that can "wi
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A new report by the UN has found the economy across occupied Palestine to be in free-fall as a result of Israel’s actions, with Gaza standing out as “the most severe economic crisis on record”. Published on Tuesday, the UN Trade and Development (UNCTAD) report details how two years of devastation, asset and building destruction, deaths and displacement amid freezes on Israeli fiscal transfers “has reversed decades of socioeconomic progress” across both Gaza and the West Bank. By the end of 2024,
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