Defying gravity

By SHLOMO MAITAL
May 18, 2017 14:21

Israel’s economy is booming despite a strong shekel and stagnant export markets.




Netanyahu and Kahlon

Kulanu head Moshe Kahlon and Prime Minister Benjamin Netanyahu shake hands after signing the coalition agreement. (photo credit:PRIME MINISTER'S OFFICE)

THE APPLE that fell from a tree and bonked young Isaac Newton on the head led him to contemplate the laws of gravity. Some 350 years later, and despite the recent detection of Albert Einstein’s gravitational waves, gravity is still not well understood.

Yet, everything obeys Newton’s law, which says things fall to the earth − except perhaps the economy of Israel ‒ which continues to thrive despite all the odds and obstacles, when many other Western economies remain stagnant and shackled.

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