The Bank of Israel has estimated the weekly cost of the third Israeli national COVID-19 lockdown as $776 million per week. The third lockdown is due to start on Sunday, Israeli media reported on Friday. On Friday, the Israeli cabinet approved the third lockdown regulations, which is planned to last for two weeks and may be extended to four weeks, bringing the cost to $1.5-3 billion. According to The Times of Israel, the cost of this closure would be lower than the previous closures due to the relieved restrictions on workplaces, while working parents are less limited to work as schools will be operating normally for younger ages. The bank expects that 90 per cent of economic activities would continue, […]
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26th December 2020, 04:13 PM
Third COVID-19 lockdown costs Israel $776m per week
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