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World Bank warns Iran attacking Israel will destroy economy
I'm posting this at 23:45 Israel time. By tomorrow morning (for me) we'll know if there was an attack tonight.
Today is the ancient holiday of Tisha b’Av, the 9th of the month of Av, when Jews mourn the destruction of the First Temple in Jerusalem by Babylon in 423 BCE; the Second Temple, rebuilt on the same site, was destroyed on the same date in 69 CE. It would be just like the Mad Mullahs to think it clever to try again on the same date.
[Ynet] The World Bank on Monday warned that a war against Israel would be catastrophic for Iran's economy, in a new report.
Not a typo. Apparently The Start-Up Nation is handling the situation just fine.
According to the report, war will result in high youth unemployment, a lack of investment, a struggling automotive industry, rapid currency devaluation, a distorted exchange rate regime, skyrocketing inflation, and a deteriorating productive sector.

The World Bank report notes that that the real income per capita and standard of living in Iran in 2024 are lower than in 2014, with the gap between Iran and other developing nations widening. Even a relatively brief military conflict with Israel, the report suggests, would come at a high cost to Iranian citizens.

"Iranian entanglement in the Gaza war," the report states, "could result in a loss of GDP and income exceeding 10%, disrupt ongoing economic activities, significantly lower living standards, and further diminish productive investments."

Posted by: Grom the Reflective 2024-08-13
http://www.rantburg.com/poparticle.php?ID=706157