Tuesday, August 15, 2006


War Economics - Israel Lebanon conflict

The Lebanon -Israel conflict has cost Lebanon of at least three billion dollars in lost infrastructure. The cost of the war on Israel’s economy is estimated at nearly 5.7 billion dollars according to Yediot Aharonot daily. But according to the finance minister of Israel, the war has so far cost Israel around NIS 23 billion which includes defense establishment cost of NIS 7 billion. War will have its own effects too as production could go down to 1.5 percent. And there will be expenses on the medical treatment and reestablishment of the civilians affected by the Hezollah's Katyusha rockets.

Its well-known fact that a war can take you a decade back in the growth prospects but still sometimes it’s the only option.

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