Bank of Israel governor warns of war’s impact on GDP

Yaron reiterates calls for committee on determining defence budget

The Bank of Israel
Photo: David Vaaknin

Bank of Israel governor Amir Yaron has warned that the continuation of the country’s war with Hamas will significantly affect GDP in the medium term.

Speaking to a cabinet meeting, Yaron said there is also a budgetary risk if the war expands to “additional and more intense spheres”. He was probably hinting at a potential spread of the conflict to include the Lebanese militia Hezbollah or Iran.

There is also a potential risk arising from defence spending, he warned, including those involving direct

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