‘Israel's’ Construction Crisis Deepens 🚧

A report by the Bank of Israel reveals a severe decline in the construction industry, risking NIS 25 billion from Israel’s annual GDP due to a continuing severe shortage of workers.

The damage could reach a staggering 1.35%. The ongoing crisis underscores the detrimental impact of Israel's policies on the broader economy.

🔻 Economic Fallout: The construction sector's 50% decline subtracted 3% from GDP in the fourth quarter alone, causing immense financial strain.

💼 Worker Shortage: Severe labor shortages worsened by government decisions cripple the industry, jeopardizing not only economic stability but also Palestinian livelihoods.

🏗️ Halted Projects: Construction sites across Israel faced shutdowns, leading to significant setbacks in project completion and economic growth.

🛑 Unsustainable Debt: Rising debts and decreased income pose a grave risk to construction companies, exacerbating economic instability.

Source: Israel business news

[K.P.]

Settlers flee as sirens went off in Netifut settlement from the missile launches

[K.H]

Biden told Netanyahu that the world has turned against Israel and that Washington's allies had informed it of a shift in their policies.

[K.H]

Hebrew media:

🚀: missile landed directly in Ashkelon
🚀: Direct fall of a missile in Sderot

💚Initial reports of a dead person in Sderot, and rescue forces are on their way to the scene.

[K.H]