‘Israel in collapse’: 46,000 businesses forced to close since 7 Oct
https://thecradle.co/articles-id/25882
”Forty-six thousand Israeli businesses have been forced to shut as a result of the ongoing war and its devastating effect on the economy, Hebrew newspaper Maariv reported on 10 July, referring to Israel as a “country in collapse.”
"About 77 percent of the businesses that have been closed since the beginning of the war, which make up about 35,000 businesses, are small businesses with up to five employees, and are the most vulnerable in the economy,” Yoel Amir, CEO of Israeli information services and credit risk management firm, CofaceBdi, told Maariv. "
”The CofaceBdi CEO estimates that 60,000 Israeli businesses are expected to be shut down by the end of 2024. ”
"In the final months of 2023, the Israeli GDP plummeted by nearly 20 percent."
