The Israeli economy pays the violence bill

With the continuation of the violence in the occupied Arab lands, the Israeli economy began to suffer the results of the violence which Israel committed in the occupied lands against the Palestinians.

As the share prices in the Israel stock market retreated as the Tel Aviv indicator which comprises 100 companies nearly decreased by 5,12% to reach 519,12 points.

The Israeli Shekel (money unit) fell against the dollar as the dollar price reached 4,086 Shekels yesterday which is the lowest price for the Israeli currency since the beginning of August 2000.

Some experts in the Israeli economy expressed their doubts about the possibility of the success of the Israeli economy to achieve the anticipated growth rate due to the current events for they were expecting growth rates that would be between 5% to 6% this year.