Recession in the Israeli economy

The Israeli exports have lost export opportunities at a cost of more than 2 billion Shekels ( USD 422 million) because of the continued Palestinian Intifada and the deteriorated conditions in the occupied territories.

A statement by the Israeli exports institute said on Sunday said that the loss of the export opportunities is attributed to the rejection of the clients to visit Israel because of fears to pertinent relating to trade with Israel as a result of the escalated conditions in the occupied territories and the lack of security.

The Israeli exports and tourism sector as well as the government revenues have witnessed a great recession since the eruption of the Intifada in September 2000.