web analytics
April 27, 2015 / 8 Iyar, 5775
At a Glance
News & Views
Sponsored Post


Israel Gears Up for Post-War Economic Challenge

Israel will face a challenge getting the economy back on track after the war is over, but the ‘startup nation’ is nothing if not resourceful.

At the start of the month, MK Ofer Shelah – a member of the Knesset Finance Committee, told Reuters that Operation Protective Edge was “definitely going to cost more than NIS 10 billion ($2.9 billion).”

The loss of summer tourism income was projected to be more than NIS 2.2 billion, including some NIS 500 million from empty rooms at hotels. Many tourists canceled trips within the country due to missile attacks; foreign airlines canceled flights for several days due to the FAA flight ban that followed a single rocket aimed at a town near the airport.

Likewise, the Israel Manufacturers’ Association estimated drop in production at some NIS 820 million. The figure results from workers staying home due to missile attacks, due to others being called up for reservist duty, leading to a loss in production, and from damage to factories in missile attacks.

However, Michael Sarel, former chief economist at the Finance Ministry, was optimistic. He pointed out that “if it will be completely quiet” as it was after the last three operations were over, “the economy has proved it is quite resilient to these kinds of shocks and the impact will be only one quarter.”

About the Author: Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

3 Responses to “Israel Gears Up for Post-War Economic Challenge”

  1. They suppy foods to Palestinians

  2. Bethe Hart says:

    They could save a lot of money if they stopped supporting Gazans and made them work on their own economy. Also if hamas paid its electric bills Israel would gain.

  3. Bethe Hart says:

    They could save a lot of money if they stopped supporting Gazans and made them work on their own economy. Also if hamas paid its electric bills Israel would gain.

Comments are closed.

Current Top Story
Children are asleep at last as adults in the Chabad House continue to deal with the crisis in Nepal.
Chabad Co-Emissary in Nepal Hopes for ‘Only Good News’ in Video
Latest News Stories
Air Force chief Ido Nehushtan checking an unmanned aircraft. Jihadists say they won't cease fire until Israel stops targeted killings which often utilize drones.

The 4 terrorists were trying to plant a bomb in Israel on the Golan Heights.

Israeli soldiers from the Home Front Command seen during preparations before boarding a plane to aid in Nepal after a massive earthquake yesterday killed thousands.

The first group of rescued Israelis from Nepal are to arrive home on an IAF airlift in the wee hours of Monday with 3 premature babies.

Children are asleep at last as adults in the Chabad House continue to deal with the crisis in Nepal.

Chabad co-emissary Chani Lifshiftz says “hundreds of Israelis” arrive safely at the Chabad House after deadly quake in Nepal.

British MP Ed Miliband is not excluded from being targeted on Twitter by local anti-Semites, regardless of his liberal views.

British MP Ed Miliband has again been targeted, this time in a political campaign for being “the Jew.”

An Arab tried to steal the weapon from a civilian guard in the town of Eli.

GOP Senator Ted Cruz met with Republican Jewish leaders in Las Vegas Saturday on the campaign trail.

The idea behind Peres & Associates came to life two years or so before the end of President Shimon Peres’ term in office, when his team began planning the next phase in his career.

United Hatzalah, Zaka and First are among the first emergency responders from Israel to arrive in Nepal on Sunday as part of an international effort.

The PA and leftists lost twice in US courts, which threw out suits for libel and a claim against settlers’ “terrorist attacks.”

Lauder: ‘Jews demanded no ‘Right of Return’ to Germany or Austria or Poland or any other European country.’

Several Israelis suffered light injuries but 150 still have made no contact with officials.

The emails are unclassified but include sensitive information of correspondence with ambassadors.

An Arkia plane made an emergency landing at Ben Gurion Airport Sunday morning after a bird was caught in one of the planes’ engines during a flight to Eilat. The plane landed safely. It was the second emergency landing in a week at the airport. An El Al plane that took off for Prague last […]

Arabs call for state of mourning, meaning a state of riots, after knife-wielding terrorist killed when he stabbed solider.

Several Israelis suffered minor injuries in Saturday’s devastating earthquake in Nepal that killed approximately 1,500 people, but approximately 250 Israelis are not accounted for, according to the Foreign Ministry. Communications systems have been disabled by the earthquake, which measured 7.9 on the Richter scale and is the latest in a series of disasters that have […]

More Articles from Hana Levi Julian
Israeli soldiers from the Home Front Command seen during preparations before boarding a plane to aid in Nepal after a massive earthquake yesterday killed thousands.

The first group of rescued Israelis from Nepal are to arrive home on an IAF airlift in the wee hours of Monday with 3 premature babies.

Children are asleep at last as adults in the Chabad House continue to deal with the crisis in Nepal.

Chabad co-emissary Chani Lifshiftz says “hundreds of Israelis” arrive safely at the Chabad House after deadly quake in Nepal.

British MP Ed Miliband has again been targeted, this time in a political campaign for being “the Jew.”

GOP Senator Ted Cruz met with Republican Jewish leaders in Las Vegas Saturday on the campaign trail.

Israel is the 11th happiest nation among 156 countries in the annual World Happiness Report for a second year. USA ranks 15.

New York’s MTA plans to vote on a change to its rules it hopes would allow it to exclude the “Killing Jews” anti-jihad ad campaign.

Iranian warships neared Yemen to support Houthi rebels despite the presence of US vessels in the area.

Cyber centers that guard unclassified networks reportedly detected the Pentagon security breach and kicked the hackers off “in a way that minimized their chances of returning.”

Printed from: http://www.jewishpress.com/news/breaking-news/israel-gears-up-for-post-war-economic-challenge/2014/08/11/

Scan this QR code to visit this page online: