Ma'ariv: The Operation Against Iran Caused Damage to the Israeli Economy of About 52 Billion Shekels

SadaNews Economy Translation - The Hebrew newspaper Ma'ariv mentioned in its economic supplement that the "Rising Lion" operation against Iran caused damage to the Israeli Gross Domestic Product (GDP) of about 52 billion shekels.

According to the Hebrew newspaper, as translated by SadaNews's economic section, the Israeli economy lost tens of billions of shekels during the twelve-day war.

The newspaper viewed that, despite this, there are many resources that can be used to compensate for the loss, and the resilience of the economy will enable Israel to overcome this crisis as well.

It states: Assuming it is possible to compensate for about half of the damage inflicted on economic activity through a later increase in full activity in restaurants, hotels, resorts, and even shopping centers, institutions, companies, as well as air travel, this damage still amounts to approximately 26 billion shekels, or 1.3% of the GDP, which is a significant amount that requires an increase in economic activity in the third and fourth quarters of this year.

It added: Everyone needs to play their part now for the economy to return to its normal and prosperous path.

The newspaper highlighted the significant rise in requests for an increase in the Ministry of Defense's budget, as it noted that compensation requests have so far reached 5 billion shekels.

It pointed out that the world owes the Israeli economy debt instruments, namely loans or bonds, with a net amount of 285 billion dollars - a huge amount equivalent to 52.6% of the GDP, with an increase of 2.1% in its size during the first quarter of this year, equivalent to 5.8 billion dollars more.

The surplus in the first quarter of the year was approximately 4.2% of the GDP, after being around 3% in 2024.