ISRAEL - War Costing Economy $600 Million Weekly

Arno Froese

The absence of thousands of workers from their jobs due to the ongoing war with the Hamas terror group has been costing the Israeli economy an estimated NIS 2.3 billion ($600 million) a week, or about 6 percent of the weekly GDP, according to a research report released by the Bank of Israel.

More than 200,000 people have been displaced from communities along the southern and northern borders in the aftermath of the October 7 atrocities perpetrated by Hamas, which killed over 1,400 people, a majority of them civilians, including babies, children and the elderly after some 3,000 terrorists burst into the country from the Gaza Strip by land, sea, and air.

The Israeli army has called up more than 300,000 reservists—many of whom work in global tech companies and other types of businesses—to join the fighting. 

NIS 590 million ($154 million) is the cost stemming from the absence at work of 144,000 evacuated residents from war-affected areas, and about NIS 500 million ($130 million) is the cost resulting from the extensive recruitment of about 360,000 reserve soldiers.

-www.timesofisrael.com, 9 November 2023

Arno's Commentary

War is something horrible. As has been historically proven, the cost of war is mostly borne by women, children, and families. In this case, some 200,000 have been displaced, and 300,000 reservists can no longer fulfill their duties at home and work. Many of these displaced people do not know what happened to their friends and relatives, even immediate family, not to mention the possessions they had to leave behind.

Our question: what will be the end? We quote the prophetic Word: “At that time will I bring you again, even in the time that I gather you: for I will make you a name and a praise among all people of the earth, when I turn back your captivity before your eyes, saith the Lord” (Zephaniah 3:20).

While the world is divided, with one group blessing the people—“a praise among all people of the earth”—equally, many nations are in opposition. Yet Scripture will and must be fulfilled; that is our continued prayer for Israel.

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.

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