JERUSALEM: A depleted workforce. Constant rocket sirens. The lingering shock of an unexpected attack. The cost to Israel’s economy of its war with Hamas militants will be unlike anything it has experienced in decades.
The cranes that dot Tel Aviv’s ever-growing skyline stood still for days after the city closed construction sites. They reopened this week under stricter safety guidelines but inactivity in this sector alone costs the economy an estimated 150 million shekels ($37 million) a day, an industry report said.
