Israel's ban on Palestinian workers hurts its economy: Central Bank

Bank of Israel Governor Amir Yaron speaks during an interest rate news conference in Jerusalem, Israel, Monday, Nov. 27, 2023.

Gobi Wolf | Bloomberg | Good pictures

The immediate ban on almost all Palestinian workers entering Israel following the October 7 Hamas-led terror attack has dealt a blow to the Israeli economy, the country's central bank chief told the World Economic Forum in Davos.

„We're working in a very uncertain environment, and as you say, I would say there are two types of shocks: There's a supply shock,” Bank of Israel Governor Amir Yaron told CNBC's Dan Murphy. „And it's primarily in the construction industry … a third of that industry is Palestinians from the West Bank, and now they're not coming to work.”

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