PNN – A reputable economic validation institute stated in a report that the Zionist regime will experience zero percent economic growth in 2024, and this is due to the conditions caused by the war against Gaza and Lebanon, and this issue will result in a per capita decrease in GDP.
According to the report of Pakistan News Network from Al Jazeera, Standard & Poor’s accreditation institute added in this report that it is predicted that the war in Gaza and Lebanon will continue until 2025, and in this case, the process of improving the economy of the Zionist regime will start from 2026.
The budget deficit has increased to 9% of the GDP by the end of this year (2024), and this amount will remain between 5 and 6% until 2027, and this is more than the figures predicted by the Ministry of Finance of the Zionist regime.
It is predicted that the net debt of the Zionist regime will increase to 70% of the GDP by 2027, which will experience a growth of 12% compared to 2023.
Also, Chip Morgan Bank changed its forecasts for the economic growth of the Zionist regime in 2024 and 2025.
This American bank, which is active in the field of investment, predicted an economic growth of 0.5 percent for the Zionist regime for 2024, while it had previously announced a growth of 1 percent. Also, in its new assessment, this bank predicted a growth of 3.3 percent for 2025, while previously it had stated a growth of 3.7 percent for the said year.
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Zionist experts warn about the consequences of the war in Gaza.
The report of this bank indicates that in the last two weeks, the economic growth of the Zionist regime has decreased, so that the growth of the third quarter has greatly weakened it.
This report was published after the Central Bank of Israel reduced its forecasts for economic growth in 2024 to 0.5% last month, and the Ministry of Finance announced this amount to 0.4%.
Earlier, Bloomberg news agency wrote in a report referring to the conflicts of the Zionist regime with Hamas and Lebanon’s Hezbollah, as well as the escalation of tensions with Iran: Military expenses have weakened the economy (regime) of Israel.
According to the Bloomberg report, conflicts with Hamas and Hezbollah of Lebanon, as well as the escalation of tensions with Iran, have weakened the economy of the Zionist regime and forced Prime Minister Benjamin Netanyahu to focus on curbing the budget deficit.
According to the Bloomberg report, the budget plan of 607 billion shekels (163 billion dollars) for the year 2025 of the Zionist regime must be submitted to the parliament of this regime (Knesset) for approval.
The Bloomberg report adds that although the military budget of the Zionist regime in 2024 is predicted to be the same as the previous year (2023), this budget is 80% more than the figure that this regime predicted in its financial plans for the military budget in 2024 before the start of the war in Gaza.
According to a Bloomberg report, Israel has been downgraded several times since the beginning of the conflict in Gaza.
“Bloomberg” news agency had previously reported that the economic growth of the Zionist regime has decreased due to the heavy losses incurred due to the war against the Gaza Strip and Lebanon.
According to the Bloomberg report, the third and latest assessment of the Central Bureau of Statistics of the Zionist regime shows that the gross domestic product of this regime grew by only 0.3% annually in the three months ending last June, taking seasonal adjustments into account.
Previously, the previous evaluations of the Central Bureau of Statistics of the Zionist regime, which were published last August and September, showed the growth of the gross domestic product of this regime by more than 1.2 percent and 0.7 percent, respectively.