ISRAEL - Economic Revival Despite War
As Israel gradually emerges from its most prolonged conflict since its Independence War in 1948, the country’s economy is showing signs of recovery, albeit still limited. With the country closer than ever to the end of the war, its citizens are eager to return to their everyday lives and experience the economic revival reserved for victorious countries.
Despite the duration of the current war, Israel’s economic indicators show resilience. “While the shekel did depreciate during the war, it has since strengthened. The budget deficit rose significantly to about 8% of GDP but hasn’t continued to increase,” explained Dr. Roby Nathanson, Macro Center for Political Economics director.
The war severely impacted sectors like agriculture, tourism, and services in Israel. Many farmers were forced to stop their activities because they were located close to Gaza or Lebanon.
Further ahead, Israel also hopes that peace will bring new ties with countries worldwide and in the Middle East, alongside economic benefits. As the world is eagerly anticipating a potential Abraham Accords between Israel and Saudi Arabia.
-themedialine.org, 7 January 2025
Arno's Commentary
The excerpts we publish from The Media Line reveal a positive picture for Israel’s immediate future.
Deuteronomy 15:6 declares: “For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.”
Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.
