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Israeli Businesses Reopen Amid Conflict
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Israeli businesses are gradually resuming operations after the shock of the Oct. 7 attack, but the economy is far from reaching full capacity. Two-fifths of businesses in the south are effectively closed, and over a third of construction companies are struggling due to a shortage of workers from the West Bank. The war has cost an estimated $270 million per day and may result in a financial cost of $48 billion in the 2023 and 2024 financial years.
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How might the conflict affect international trade and investment in Israel?
How might the reopening of Israeli businesses impact the local economy and employment?
What strategies could the central bank employ to mitigate the financial consequences of the war?
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