The economic damage caused by the three days of fighting is estimated at 540 million shekels


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The analyzes of the Economic Department of the Israeli Industrialists Association indicate that the cumulative damage to the Israeli economy as a result of the escalation in the confrontation between Israel and Hamas in the past three days amounts to about 540 million shekels, or 180 million shekels for each day of the fighting. . The Industrialists ’Syndicate estimates relate to the damage caused to businesses and factories from operating in accordance with the directives of the IDF Internal Command, due to the reduction in commercial activity in central and southern Israel. Related materials The estimate is based on the cost of a day’s work assuming that about 35% of employees in southern Israel missed work, and about 10% in the center. This estimate does not take into account financial damage from direct strikes to commercial buildings, damage to profitability, indirect damages such as poor reputation among overseas clients, canceled deals, failure to meet deadlines, etc. Given the massive damage from missiles and riots, the economic damage at the end of the fighting will be much greater. “Israeli industry continues to produce under fire with fewer workers coming to work, and less damage to the economy than in previous rounds,” said Dr. Ron Tomer, president of the Israeli Federation of Industrialists. The state should quickly deal with payments to employees who They were absent from work, which gives workers and employers peace of mind. ” Posted by Globes, Israel business news – en.globes.co.il – May 13, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021


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