Will hit every Israeli's pocket: leading economists on possible sanctions

More than 60 leading economists have warned that international sanctions against settlements threaten Israel's economy. In a letter from the Economists' Forum, it is stated that "Jewish terror" and construction in the E1 area lead to damage that will affect all residents. The authors cite steps taken by the UK, the Netherlands, and other countries. Among the signatories are Professor David Harel and former Bank of Israel Governor Yaakov Frenkel.

More than 60 leading Israeli economists, academics, and former senior civil servants have published a collective letter warning that international sanctions against settlements pose a serious threat to Israel's economy. The letter, published on Sunday, October 18, was prepared by the Economists' Forum. It states that "Jewish terror" against Palestinians and construction in the E1 area, perceived as government-backed, lead to severe economic damage that will affect all residents of the country. The authors cite the UK's declaration of intent to ban imports from settlements and consider similar steps by the Netherlands, France, and Canada. They warn that the spread of sanctions to a significant part of Europe will affect not only the settlements but the entire Israeli economy, leading to a rise in the cost of living. Among the signatories are Professor David Harel, former Bank of Israel Governor Professor Yaakov Frenkel, and others. The article also references the JPPI database, which lists 121 measures in 62 countries, and reports a sharp decline in foreign orders.