Israeli economy deterioration as a result of the uprising

The British daily Financial Times said on Tuesday that the events of the Palestinian Intifada (uprising) had shaken the Israeli economy in a way that shocked the Israeli politicians, who used to have no considerable account to the local economy.

The paper said that after just one month of the Intifada, the Israeli economy has been exposed to heavy losses represented in decrease in the shares of Tel Aviv Bourse at 16% as well as the deficiency in the Israeli currency " he Shekel " at 3% against the US dollar.

The paper added that the Israeli officials admitted that the continuity of the Intifada will affect the economic life of the Israelis and several sides of the Israeli economy will be greatly damaged especially tourism which represents 3 % of the Israeli general income.