Bank of Israel: Cost of Operation Protective Edge 0.5% of GDP

Israel's central bank estimates that Operation Protective Edge will only have a moderate effect on the Israeli economy, according to Bank of Israel Governor Karnit Flug, at a potential loss of about 0.5% of gross domestic product, or NIS 5 billion (US$1.4 billion).

A Bank of Israel review stated that "It isn't yet possible to determine the economic impact of the defense situation, but similar defense incidents over the last decade inflicted moderate macroeconomic harm, up to about 0.5% of GDP, like what happened in the Second Lebanon War."