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.