A seminar at the Institute for National Security Studies (INSS) on political and security implications of the corona crisis underscored the prevalent uncertainty regarding the situation, but also highlighted several instructive points. The biggest threat to the global (and Israeli) economy derives from the slowdown or negative growth in the United States, and at the current stage, the American ability to meet the crisis effectively is not clear. As for Israel, the risks of escalation in the northern arena and the Gaza Strip have decreased in the short term, but toughening the restrictions on the border crossings with the Palestinian Authority could lead to its economic collapse.
