Jerusalem – Report: War With Iran Would Take A Heavy Toll On Israeli Economy

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    An Israeli soldier covers his face from the dust during a military exercise  in the Golan Heights, norhtern Israel, 21 August 2012. Israeli Armed Forces have been conducting manoeuvers amid raising tensions in the region.  EPA/ABIR SULTANJerusalem – If Israel decides to go to war with Iran, the Israeli economy will suffer greatly, losing an estimated 167 billion shekels or $42 billion.

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    Reuters reports (http://reut.rs/SO4G5B) that BDI-Coface, a well-known research group, has said the war would result in a direct economic loss as high as 47 billion shekels, an amount corresponding to 5.4 percent of Israel’s gross domestic product last year. Israel can also expect to lose 24 billion shekels a year in indirect damages for three to five years resulting from a breakdown in local business and economic activity.

    Israeli officials have not yet determined whether to attack Iran. Military sources say they would prefer to have the support of the United States before proceeding.


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    16 Comments
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    rebeli
    rebeli
    11 years ago

    Don’t attack, instead do what the US and USSR had and still have today, MAD (Mutually Assured Destruction), the result of which assures the complete and utter destruction of BOTH attacker and defender.
    In other words, let Iran know in no uncertain terms, if they go nuclear against Israel, Israel will instantaneously recipocate, thus if we go they go too. This doctrine will possibly avoid a nuclear attack from Iran, unless of course they want to destroy themselves in the process.

    11 years ago

    there is no choice!

    ALTERG
    ALTERG
    11 years ago

    Iran is stronger then israel they have all arabs with them (Egypt, sirya, chizbala, & many more…) pls don’t start with them you will loose big time, let’s wait for משיח צדקינו

    NarishGeret
    NarishGeret
    11 years ago

    Better to lose 42b than to lose “chas v’sholom” 6m!

    NarishGeret
    NarishGeret
    11 years ago

    Once Iran developes nuclear arms the other Arab countries will do the same. Can you imagine all Arab countries surrounding Israel with nuclear arms??? Even unintentionally if only by accident one of those arms go off!! They are not very professional at what they do!! Hashem Yishmor!!

    11 years ago

    oh really? War costs money? What a genius statement?!

    11 years ago

    I have a question: Where is the Mossad, why can”t they start by “accidentally” getting rid of Ahmadinejad? he’s constantly flying around the world lets start with him 1st & take it from their.

    What do u say VIN pals?