Analysis: Israel’s economy is paying a high price for its widening war | CNN Business

London CNN  — 

In late September, as Israel’s nearly year-long war widened and its credit rating was downgraded yet again, the country’s finance minister, Bezalel Smotrich, said that, while Israel’s economy was under strain, it was resilient.

“Israel’s economy bears the burden of the longest and most expensive war in the country’s history,” Smotrich said on September 28, a day after Israeli airstrikes killed Hezbollah’s leader Hassan Nasrallah in Lebanon’s capital Beirut, ratcheting fears that tensions with the militant group would turn into a full-blown conflict. “The Israeli economy is a strong economy that even today attracts

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