April 22, 2024
Economy

Price hikes, vacancies, empty beaches: Israel’s struggling economy


Four miles from the Gaza Strip, a group of volunteers are picking pineapples at Talmei Yosef, a moshav that was attacked by Hamas on October 7. In ordinary times, the land would be cultivated by Thai migrants. They have long since flown home, leaving the volunteers in a race against time to harvest the fruit before it rots.

“The reason we are here is because we are needed and it’s wonderful to be able to contribute,” said Meira Ben Ariel, 60, a copywriter who travelled from Hertfordshire to help the war effort by working the fields.

The volunteers are doing what they can, but they can’t make up for a drastic shortfall in workers that has helped to ravage Israel’s economy. The Bank of Israel



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