by Dominique Dewitte
published on Sunday November 5, 2023 to 06:31 •
3 min read
Israel’s neighbors – especially Egypt, Jordan and Lebanon – are in an even more precarious economic situation today than during previous major conflicts with Israel this century, according to calculations by the Atlantic Council’s GeoEconomics Centerr.
Why is this important?All conflicts, especially those 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” of these countries. That index takes into account the sum of inflation and unemployment rates and is higher today than at any time since 2000.
- While past flashpoints posed challenges to those neighboring countries, they did not simultaneously face the risk of a recession or worse.
- Inflation in Egypt rose to 38 percent in September and its currency reserves are drying up quickly
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Tags: Israels neighbors financial trouble doesnt step