Israeli Economy Not So Great

As Israel are finding out Genocide isn't cheap because it costs money to drop bombs on refugees sheltering in schools and hospitals but luckily for them they have Uncle Sam footing the bill although to be fair to Joe Biden, he is complaining that they are using it to bomb refugees sheltering in schools and hospitals while he willingly hands over money and weapons to allow them to continue doing it.
With America shovelling the best part of $3.8 billion in military aid to Israel every year, this doesn't completely cover the bill and with Israeli military spending ballooning to $5 billion economists are saying the end of the war could come more to Israeli stuttering economy rather than any moral reason as social programs are neglected in favour of the military.
Last year the Israeli government spent $27.5 billion on the military last year according to the Stockholm International Peace Research Institute or 5.3% of GDP, beaten only by Ukraine's 37% of GDP fighting off Russia’s invasion.
In the last year Israels economic output shrank 5.6%, the worst performance of any of the 38 countries in the Organization for Economic Cooperation and Development and the call-ups and extensions of military service are threatening the labor supply and tourism has completely tanked.
Moody’s Ratings has lowered the Israeli government’s credit rating two notches to Baa1 or a moderate credit risk as the debt has risen to 62% and can be expected to hit 80% if the fighting continues for another year and Israel maintains a military presence in Gaza as expected.
The credit downgrade will lead to higher borrowing costs, cuts to public services and higher taxes according to a former head of Israel’s central bank and The Israeli Manufacturing Association claimed that people like me, who happily boycott Israel goods, has cost it a 5% drop in the Israeli export economy.
Obviously Palestine and the West Bank will need to be completely rebuilt when the war ends and nations are offering to fund it but no so much Israel with only America seemingly keen to fund them but it gives Benjamin Netanyahu something to think about besides his place in the Hague cell awaiting him for war crimes.