Gaza military op cost Israeli economy $1.4 bn – central bank

Gaza military op cost Israeli economy $1.4 bn – central bank

http://rt.com/news/line/2014-08-07/#67960

Israel’s Operation Protective Edge in Gaza cost the country’s economy some $1.44 billion, its central bank governor Karnit Flug said on Thursday. “The assessment is that it can reach up to around 0.5 percent of GDP, which is up to 5 billion shekels,” Flug told Israel’s Channel Ten television. Israel launched its military operation in Gaza a month ago in retaliation to Hamas rocket fire on its territory. As of Wednesday, over 1,800 Palestinians have been killed, the majority of them civilians, including hundreds of women and children, according to the UN.

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