Senior Economists Warn: West Bank Violence and Settlement Expansion Pose Risk to Israeli Economy

A forum of 61 senior economists, including former senior officials from the public sector and academia, has issued an open letter warning of severe macroeconomic fallout for Israel, Globes and The Jerusalem Post reported. According to the economists, the escalation of Jewish violence in the West Bank and continued settlement expansion risk imposing a heavy economic toll on every Israeli citizen.

In their letter, the experts warned of potential European sanctions, an increase in the cost of living, and growing difficulties in conducting business in Israel as a result of the violence. Government officials have not yet issued a response to the economists' warning.