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ULTRA-ORTHODOX PROTESTERS IN "ISREL" ATTACK CAR OF ZIONIST MINISTER

📹 Scenes from the protests of the Haredi Ultra-Orthodox community after the Israeli High Court ordered the start of conscription from their ranks, formerly granted exemption.

According to far-right Israeli Channel-14, Ultra-Orthodox protesters attacked the vehicle of Minister of Housing and Construction, Yitzhak Goldknopf, in the streets of Jersusalem on his way home, tossing stones at his vehicle and hurling insults at the Minister before police cleared the way for his vehicle to pass.

@WorkerSolidarityNews

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ISRAELI ECONOMY CONTRACTS AMID GENOCIDE IN GAZA AND BLOCKADE IN THE RED SEA

The Israeli economy is in freefall as the country continues its genocide in the Gaza Strip and Israeli families sharply curtailed household spending in the fourth quarter of 2023, according to data published on Monday.

The Israel's $500 Billion economy contracted 19.4% in the fourth quarter over the previous three month period, according to Israel's Central Bureau of Statistics.

Israel's economy still grew 2% overall for 2023, however it stands in contrast with the 6% growth rate tallied for 2022, but still higher than the OECD average of 1.7% for 2023.

At the same time, per capita GDP slipped 0.1% against an OECD average of +1.2% growth. GDP data also showed Israel's inflation rate dropping to a 2-year low of 2.6% for January.

According to the data, private spending declined 26.9% in the fourth quarter of 2023, while exports fell 18.3% and investments in fixed assets fell 67.8%, even as government spending increased an eye watering 88.1%.

Annual Private spending in 2023 fell a total of 0.7%, while exports fell 1.1%, investments in fixed assets fell 1.9%, and government spending rose 8.3%.

The shekel also fell 0.6% against the greenback, while the Tel Aviv 125 share index rose 0.6% after the announcement of the latest economic data.

@WorkerSolidarityNews