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Israel’s neighbors – especially Egypt, Jordan and Lebanon – are in a more precarious economic situation today than during previous major conflicts with Israel this century, according to World Bank calculations. Atlantic Council Center for Geoeconomicss.
Why is this important?
All conflicts, especially those witnessed in recent years, have a military and economic dimension. It is time for the G7 to use all the tools at its disposal. Otherwise others will.In the news. The Atlantic Council based its calculations on the “misery index” for these countries. This index takes into account the sum of inflation and unemployment rates, and is higher today than at any time since 2000.
- Although previous flashpoints presented challenges to these neighboring countries, they did not face the risk of recession or worse.
- Egypt’s inflation rate rose to 38 percent last September, and its currency reserves are drying up quickly
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