(TPS) Prime Minister Benjamin Netanyahu this week chaired a government discussion on the Israeli economy’s readiness for the consequences of the coronavirus and its spread around the globe.

Netanyahu highlighted the “steady hand on the steering wheel. We are meeting on a daily basis and there is a very orderly division of the areas of responsibility, management and backing.”

“Our policy is the same: Over-preparation and not under-preparation, and above all, caution and not hysteria,” he stated.

The Ministry of Finance believes that the spread of the coronavirus could reduce Israel’s GDP by NIS 3.6-14 billion, by 0.25-1%.

Tourism, the travel industry and the health system are sectors that are liable to be affected by the virus.