Israel’s Economy Convulsed by the War With Hamas
An Israeli soldier securing a position at the Nir Oz kibbutz, one of the Israeli communities near the Gaza Strip attacked on October 7 by Hamas.
Photographer: Yuri Cortez/AFP Via Getty Images
The $520 billion Israeli economy's resilience is being tested to the limit as its war against Hamas enters the "second stage."
Israel mobilized a record 350,000 reservists before its ground offensive on Gaza, draining roughly 8% of the workforce. Those numbers are even higher for the country's bellwether technology sector, according to non-profit Startup Nation Central's estimates. Meanwhile, more than 120,000 Israelis have been forced to leave their homes as the conflict escalates.