Recession.

This is coolbert:

Generally, speaking war is bad for an economy? Valuable capital is removed from the private sector and transferred to the governmental sector. Capital no longer used to produce traditional goods and services.

"Gaza war pushing Israeli economy to recession, warns Israeli economist"

From https://www.aa.com.tr | Rabia Ali and Gokhan Ergocun  | 03.01.2024. 

"‘Most chances are that this will be a recession and might be a deep recession too because of the amount of uncertainty,’ economist Joseph Zeira tells Anadolu"

* ‘Most chances are that this will be a recession and might be a deep recession too because of the amount of uncertainty,’ economist Joseph Zeira tells Anadolu

* ‘Domestic demand, tourism, purchases of big consumption items and most importantly, investment, will go down,’ says Zeira

*  ‘Arab citizens of Israel’ and Palestinians will suffer more because of economic recession, according to economist

Click on the image to see an enlarged view. This graph an image of the value of a shekel against the dollar. At least from the point of 7 October and for a period of about a month afterward the shekel increasing in value and appreciating with regard to the dollar. The shekel now precipitously declining in value with regard to the dollar.

coolbert.