VOL. XLV

No 3

21-January-2002

ISRAEL

Intifada Costs Israel $2.77Bn Or4% OfGDP, Says Bank of Israel

The al-Aqsa intifada has cost theIsraeli economy NIS12.6bn or $2.77bn, which is 4% of the countrys GDP, sinceit erupted in late September 2000, said Israels Shvat newspaper,quoting a report issued 13 January by the Bank of Israels research department.The direct losses include NIS7.3bn ($1.6bn) from a fall in tourism, NIS2.7bn($595mn) in construction losses, NIS 2.1bn ($463mn) in lost exports to the...