Israeli war with Iran may cost $42 billion

Israeli war with Iran may cost $42 billion

 

BDI has calculated expenses Israel will encounter, should it start a war with Iran. It would cost about 167 billion shekels ($1 = about 4 shekels), ITAR-TASS reports.

Iran’s counter attack may cause damage of 10% of Israeli business.

The conflict with Lebanon in 2006 caused a reduction of GDP by 0.5%, not to mention damage to military facilities and civilian property. The total damage was about 1.8% of the GDP. Lebanon hit only the northern areas of Israel that produced only 20% of the GDP. Iran’s attack would damage the central areas generating 70% of the GDP.

President of the Central Bank of Israel Stanley Fisher said that a full picture of damage would be hard to make.

 

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