Gearing up for a downturn

ByJOHN BENZAQUEN
August 7, 2014 17:17

The effects of Operation Protective Edge on the ‘Zero VAT’ plan.




City View

Foreign buyers are reluctant to purchase during times of political instability. (photo credit:MARC ISRAEL SELLEM/THE JERUSALEM POST)

At the time of this writing, the IDF’s Operation Protective Edge has been going on in Gaza for nearly a month. The scale of the operation made it a mini-war that will cost the economy over NIS 20 billion – some 2 percent of the annual GDP.

This affects all aspects of the economy – some more than others, some at different times.

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