The agencies noted the condensed placement of the Gaza Envelope massacre sites vis-à-vis the comparatively scattered locations of Holocaust sites in Poland.
Oświęcim, October 16 – Analysts downgraded the earnings forecast for mid- and long-term investments in Poland this week as a consequence of the Palestinian massacre of Israelis on October 7 in southern Israel, under the assumption that the influx of tourist cash from organized visits to death camps and other Holocaust-related locales in the Republic of Poland will undergo dramatic decrease now that such trips, largely from Israel, can accomplish their goal within the borders of the Jewish State.
Moody’s and other agencies released predictions on Monday for various global economies, among them Poland. The prognosticators moved Poland’s rating down several notches from AA to BB, shifting the risk level from “negligible” to “moderate,” now that massive annual events such as the March of the Living and smaller programs can either remain in Israel to visit sites where Jews were massacred, or travel directly there; most such programs either originate in Israel or include a leg of the journey there.
“The events of October 7 and its aftermath raise serious questions as to the viability of Poland’s tourism sector,” the latest Moody’s report reads. “By 2025, it remains likely that Jewish groups will opt to visit the various communities in the Gaza Envelope where Hamas shot, burned, raped, beheaded, tortured, abducted, and otherwise killed more than a thousand Israelis of all ages and walks of life, injured thousands more, and took 200 hostage. Because, analysts believe, it will no longer be necessary for these pilgrimages, which bring hundreds of millions of Euros into the coffers of Poland’s hospitality industry, to set foot in Poland at all to commemorate such crimes, Poland stands to lose a significant component of its annual revenue going forward.” The report noted that 2024 is too soon for the impact to occur, given the planning and arrangements that have already been made for the March of the Living of spring 2024, and the low probability that the Gaza Envelope will be suitable yet for visitors of that nature.
Another point that the agencies noted involves the condensed placement of the Gaza Envelope massacre sites vis-à-vis the comparatively scattered locations of Holocaust sites in Poland, a country fifteen times the size of Israel that had a pre-WWII Jewish population of approximately 3.5 million, only half a million of whom survived. In addition to the extermination camps Auschwitz-Birkenau, Treblinka, Sobibor, Belzec, and Chelmno, Nazis and their local collaborators perpetrated mass killings all over the country and killed many by starvation and disease in labor camps and ghettos.
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