[Financial Times-UK] Sharmila Devi - Israel's economy is in good shape to weather the cost of its offensive against the Lebanese Hizballah, but the costs of compensation to the rocket-hit north, loss of tourism receipts, and the blow to consumption have led analysts to downgrade this year's growth forecasts. Before the conflict erupted three weeks ago, Israel's budget was in surplus.
2006-08-02 01:00:00Full ArticleBACK Visit the Daily Alert Archive