Israel's Fischer: conflict costing economy

Israel's conflict with Hizbollah is costing the economy up to 1 billion shekels a week and will push up the budget deficit by 0.6 percent this year, Bank of Israel governor Stanley Fischer said on Wednesday 3 August.

"The direct hurt to the economy due to the war in the north will be 0.7 to 0.9 percent of GDP," Fischer told a news conference, once the fighting had lasted a month.

Fischer said the Israeli economy was losing 750 million to 1 billion shekels ($227.3 million) each week the fighting

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: