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FriedButter

Brigadier
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Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war​

Israel’s gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures.

The contraction was significantly larger than expected, as analysts predicted a contraction of around 10%. It reflects the toll of the country’s war against Hamas in Gaza, now entering its fifth month.

The economic data out Monday “pointed primarily to a contraction in private sector consumption and a deep contraction in investment, especially in real estate,” analysts at Goldman Sachs wrote in a research note.

“The deep GDP contraction occurred despite a strong surge in public sector consumption as well as a positive net trade contribution, with the decline in imports outpacing the decline in exports.”

Official figures showed a 26.9% quarter-on-quarter annualized drop in private consumption, and fixed investment plummeting nearly 68% as residential construction ground to a halt amid a shortage of both Israel workers due to military mobilization and Palestinian workers as the latter group has been mostly barred from entering Israel since Oct. 7.

Before then, more than 150,000 Palestinian workers from the occupied West Bank entered Israel daily for work in a range of sectors, predominantly in construction and agriculture.


Israel’s GDP contraction “was much worse than had been expected and highlights the extent of the hit from the Hamas attacks and the war in Gaza,” Liam Peach, senior emerging markets economist at London-based Capital Economics, said in an analysis note.


“While a recovery looks set to take hold in Q1, GDP growth over 2024 as a whole now looks likely to post one of its weakest rates on record.”

Israel’s high-tech economy is particularly affected by the fact that it has mobilized 300,000 of its men and women as military reservists to deploy in both Gaza and on its northern border with Hezbollah in Lebanon.

The mobilization was triggered by the terror attack of Oct. 7 led by Palestinian militant group Hamas that killed about 1,200 people in Israel. Israel’s subsequent offensive against the Gaza strip and relentless bombing campaign has killed more than 28,000 people in the blockaded territory, according to Gaza’s Hamas-run health ministry.
 

_killuminati_

Captain
Registered Member
This is a fundamental reason why it is increasingly looking like god himself is on China’s side when things keep going China’s way. But this isn’t Devine intervention, it’s just the fruits of China’s earlier labours and investments. Which is actually better than divine intervention because China can keep repeating it.
Off topic.
An Islamic scholar wrote of this a century ago..
God always favors those whose works, with relation to the world, are more developmental than destructive, even if they are evil inside and/or deny God. If they create more destruction than development, God replaces them with somebody who is less destructive / more developing.

This piece was written to describe the rise and fall of European global colonialism.
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..whom Hamas drew inspiration from, as well as the Iranian revolution.

In this religious perspective, China's (current) rise can be seen as divine intervention, even if the country rejects religion.
 

Heliox

Junior Member
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Sounds like they should investigate those hot teapots.

From the Sun -
"Crucially, it is understood that had the firing taken place on a real patrol mission rather than under test conditions it would have been successful."

Lots of talk of proximity fuse and warheads not designed to detonate unless certain components installed which apparently were not due to this being exercise. So on.

From the Indian LFX ...

No points for guessing where they learnt their cope from. :rolleyes:
 

_killuminati_

Captain
Registered Member
The west seems to really have a lot of doublethink these days. Guess 1984 was a reflection of themselves.

You know how they try to say both sides are bad when you call them out on hypocrisy? They can't actually do that and doublethink is a result of it.
Best way to understand the West is to listen to anything they say officially and multiply it with a big -1 .
 

_killuminati_

Captain
Registered Member
That country seems to have an unusually high number of perverts. Perhaps this is due to the fact that a certain procedure performed on the male babies of that country drastically reduces the sensitivity of the affected body part and leads to sexual deviancy during adolescence and adulthood. Unsurprisingly, in the USA, where the majority of men were subjected to the same procedure at birth due to the influence of said country, pedophilia and other sexual disorders are unusually common...
Military rape is a big thing in USA. Roughly the same numbers: 35 - 50% of women are [reported] raped by their colleagues.

Another big thing is infidelity. Some years ago, I passed by an outdoor event in Virginia Beach called 'Military Spouses'. I asked a few groups of enlisted men and women (and spouses) about how common is infidelity in the military, expecting them to say "15-20% ... not that common ... don't ask about it, etc". To my surprise, they openly answered like it's an accepted routine like brushing your teeth in the morning, indicating numbers upward of 90%, etc., not very bothered by its prevalence.
 

plawolf

Lieutenant General
From the Sun -
"Crucially, it is understood that had the firing taken place on a real patrol mission rather than under test conditions it would have been successful."



From the Indian LFX ...

No points for guessing where they learnt their cope from. :rolleyes:

It seems like obvious and ridiculous cope, but it would be hilarious and scarily plausible if the reason the launch failed was because the British Defence Secretary Grant Shapps caused the misfire by doing something idiotic while onboard.
 
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