Thursday, 02 Jul 2020

Hit by Covid-19, Israel suffers the worst economic crisis in history


(Israel experiences the worst economic crisis in history / photo: gettyimages)(Israel experiences the worst economic crisis in history / photo: gettyimages) -

Israel is currently facing one of the biggest economic crises in its history. As many as 40 percent of the population must struggle hard to pay for their basic needs ..

This fact is the result of a recent study by the International Fellowship of Christian and Jewish, an organization that claims to "build broad support for Israel" and a research institute, Geocartography.

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"Nearly one in ten Israelis (9.6 percent) struggle to have food served on the table, and one-tenth of the Israelis surveyed have been driven from their homes, or their electricity and / or water cut off," wrote the Jerusalem Post in his report on Fellowship research, quoted by

Building owners and those living in leased buildings also have difficulty paying their mortgages and rent. Not a few also have difficulty paying bills such as electricity, water, gas and city taxes.

According to Yael Eckstein, president and CEO of the Fellowship, the results of this survey corroborate what most experts predict. "Although the medical emergency for most Israelis has eased, the economic and social impact caused by the COVID-19 crisis has destroyed the lives of citizens," he said.

"While 40 percent say they face difficulties in finding ways to pay for basic expenses such as food, bills and rent or make mortgage payments, many more recognize that assistance is difficult to obtain."

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Around 42.6 percent of those surveyed said that they did not have family members or friends who could help them get out of this crisis.

The numbers of Israelis who have lost income paint a grim picture of the economy and its impact on society.

If participants in the survey are considered to be correct representations, then 21 percent of the country's population has lost household income due to the crisis, forcing more than one-tenth of the population to return to live with their parents.

Explaining the impact, Tami Barsheshet, chairman of the social service manager organization in the local government said, "Having one or two family members fired from their jobs or unpaid leave creates an economic crisis that affects the whole family."

Only a quarter of those surveyed said that their income was not affected in any way, an indication that most Israelis had been affected in some way.

Baresheshet said that there was a 50 percent increase in new requests to the local social services department and that the situation was expected to get worse.

About 13 percent claimed to receive assistance or expressed a desire to seek support in the near future from a nonprofit or social services department.

The Fellowship has prepared a new program to assist with the purchase of food, clothing, baby care equipment and medicines. This assistance program is developed as a result of the large number of requests made by local social services departments throughout the country to the Fellowship.888

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