khalil jashan, welcome to economic divide. thank you. my first question, lot of costs that have been put uh into this war in terms of this expenditures, strain is causing on israel's economy, obviously the spending, and uh, there has been uh such variety of ways that the spending has been uh distributed, whether it's displaced uh... or what have you, and that has uh resulted in the reduction of foreign reserves to some degree. um, we're looking at many sectors now affected israel's fiscal deficit is reach 7% of his gdp for the month of may as well. what's going on with the israely economy based on the uh genocidal onslot that it is uh exercising? that's a very good uh question, this war has been unique uh from an israeli perspective. first in terms of the duration and in terms of the cost, in israel's history, of course, there has been many wars, but they never lasted, you know, some of the the the most dramatic wars like in 67 lasted six days, so israel as society is not used to protracted, if you will wars that last let's say nine mont

khalil jashan, welcome to economic divide. thank you. my first question, lot of costs that have been put uh into this war in terms of expenditures, strain is causing on israel's economy, obviously the spending, and there has been such variety of ways that the spending has been distributed, whether it's displaced or what have you. has uh resulted in reduction of foreign reserves to some degree. um, we're looking at uh many sectors now affected israel's fiscal deficit is re 70% of his gdp for the month of may as well. what's going on with the israely economy based on the uh genocidal onslot that it is uh exercising? that's a very good uh question uh this war has been unique uh from an israeli perspective uh first in terms of the duration and in terms. the cost, in israel's history, of course, there has been many wars, but they never lasted, you know, some of the the most dramatic wars like in 67, lasted six days, so israel as society is not used to protract if you will wars that last let's say nine months as in the case of gaza today this

at the arab center washington dc uh joints us khalil jashan, welcome back the value of the reserves of the central bank uh above 200 million dollars for the year 2024. we're looking at this war in the gaza strip which requires uh much more ammunition than domestic manufacturers can currently produce. um, tell us a little bit about how troubling that is, especially for israel's manufacturing sector. all aspects of israel's economy this time are in trouble. in the past, in a way israel locked out with the international support it received from the west, particularly the us and europe. it managed to overcome the economic difficulties or implications of prior wars. this one, because like i said earlier, the surprising nature of the war, how it started and and the the duration being longer than any war that israel has waged in the past assuming that it was to be very limited in scope, limited in geography, limited in time, and there we are, nine months later, and there is no light at the end of the tunnel, it doesn't seem to be ending soon, at least all right, if you can expand a little

khalil jashan, welcome to economic divide. thank you. uh, my first question, lot of costs that have been put uh into this war in terms of this expenditures, uh, strain is causing on israel's economy, obviously the spending, and uh, has been uh such variety of ways that the spending um has been uh distributed, whether it's displaced uh or what have you, and that has uh resulted in the reduction of foreign reserves to some degree. um, we're looking at uh many sectors now affected, israel's fiscal deficit as reach 7% of his gdp for the may as well. what's going on with the israely economy based on the uh genocidal onslot that it is uh exercising? that's a very good uh question, this war has been unique from israeli perspective, first in terms of the duration and in terms of the cost. in israel's history, of course, there has been many wars, but they never lasted, you know, some of the the the most dramatic wars like in 67 lasted six days, so israel as society is not used to protracted, if you will wars that last say nine months as... in the