Israeli economy on the brink as it awaits retaliation from Resistance Axis
The Cradle, August 15, 2024 —
Suicides and ‘psychotic situations’ have also seen an increase in the occupied territories over recent weeks.
The Israeli economy is on the ropes as the country awaits retaliation for its attacks against Iran, Lebanon, and Yemen over the past month, according to reports in Hebrew media.
“These two weeks have exhausted the market, as some economic activities have been canceled, and another part has been reduced due to public fear,” the economic affairs commentator for Israel’s Channel 13 News said on 15 August.
Israel’s tourism industry, in particular, has recorded massive losses due to the broad cancellation of flights by international airlines.
Israel’s education sector will also be severely affected if the wait continues into September, as institutions will have to “maneuver within combat scenarios,” according to the Israeli broadcaster.
The Israeli economy has already taken several hits 10 months into the genocide of Palestinians in Gaza, with the most recent one being the decision by US financial services firm Fitch to downgrade the nation’s credit rating.
Moreover, the country has seen an increase in “suicidal situations, psychotic situations, and the use of dangerous substances” among settlers over the past two weeks, health officials told GLZ Radio.
During a speech earlier this month commemorating the late commander Fuad Shukr, who was killed by an Israeli strike in the southern suburbs of Beirut, Hezbollah Secretary General Hassan Nasrallah stressed that the “long wait is part of the punishment and response.”
His comments were echoed days later by the leader of Yemen’s Ansarallah resistance, Abdul Malik al-Houthi, who said that the response to Israel’s bombing of Hodeidah Port is “inevitable.”
“The Israeli enemy, after the dangerous escalation from its side, is in a state of great fear in every sense of the word,” Houthi said, adding that “the inevitable response to the Israeli aggression that targeted the fuel tanks in Hodeidah port is a must, and it is coming, God willing.”
Iran has also remained unequivocal in saying a response to the assassination of Hamas politburo chief Ismail Haniyeh in Tehran is imminent.