Finance Ministry Director General Shai Babad says that the new restrictions forcing people arriving into 14-days quarantine  have begun to affect the economy and he estimates that the new situation would remain in effect for more than two weeks.

Babad said: “Our assessment now is that it will cost the Israeli economy between four to five billion shekels. We are seeing the impact on the economy.  We are preparing for the economic ramifications for beyond two weeks because our working assumption is that  the disease will not be fully contained by then.”

KAN's Mark Weiss discussed the economic fallout of coronavirus with Gil Bufman, Chief Economist at Bank Leumi, asking him first how the economy has already been impacted.