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Upcoming Covid-19 lockdown in Israel to cost $2 billion: Central bank

The upcoming nationwide coronavirus lockdown in Israel will cost about $2 billion, the state's central bank said on Wednesday

israel | Benjamin Netanyahu | Health crisis

IANS  |  Jerusalem 

Medical workers vaccinate medical stuff members against Coronavirus at Tel Aviv Sourasky Medical Center as Israel starts the COVID 19 vaccination campaign in Tel Aviv. Photo: Bloomberg
Medical workers vaccinate medical stuff members against Coronavirus in Israel

The upcoming nationwide lockdown in will cost about $2 billion, the state's central bank said on Wednesday.

The tightened lockdown will last for 14 days, starting overnight between Thursday and Friday, shuttering schools and most businesses, the Xinhua news agency reported.

The bank noted that this is only the direct cost of the full lockdown, not including indirect costs such as business bankruptcies, and increasing unemployment.

The bank estimated that the weekly cost of the upcoming lockdown will be slightly higher than that of the lockdown imposed in September 2020, which lasted for one month.



(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, January 07 2021. 08:33 IST