• Mon. Jan 30th, 2023

The Israeli Ministry of Finance estimates that the Corona crisis will cost the Israeli economy over 12 billion. dollars. Israeli industry has almost completely stopped trying to limit the spread, which means that economic growth is disappearing.

Israel’s gross domestic product is expected to fall by 6.6 billion. dollars as a result of the country’s efforts to limit the spread of Corona, according to Finance Ministry chief economist Shira Greenberg, writes Times of Israel.

In addition, global events related to Corona are expected to cost Israeli companies an additional $ 5.3 billion. dollars in losses.

On Monday, the Israeli government ordered companies with more than 10 employees to cut their staff by 70 percent. Also in the public sector, there must be only minimal staffing.

The increased restrictions came after the Ministry of Health proposed a total closure of the country. The Ministry of Finance, on the other hand, is strongly opposed to closing down all companies.

Israeli authorities are working on a rescue package to rescue companies struggling financially as a result of the fight against Corona spread. The aviation sector, the hotel industry and the rest of the tourism industry are hard hit.

Israel has banned gatherings of more than 10 people, closed schools, forced all who come to the country in 14-day quarantine, closed all shopping malls, restaurants and cafes in an attempt to limit the spread of Corona.

304 people have so far been infected with Corona in Israel. The condition in four of them is severe, while the condition is moderate in 11 people. 284 people have milder symptoms.

In order not to break the ban on gatherings of more than 10 people, many have used creative methods to hold a wedding, for example:

https://twitter.com/HananyaNaftali/status/1239370802094460928?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1239370802094460928ref_url=https%3A%2F%2Fwww.miff.no%2F%25c3%25b8konomi%2F2020%2F03% 2F17pandemien-will-cost-israel-120-billion-kroner.htm

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