israel economy

What are the key challenges facing Israel's new finance minister?

Faced with an economy expected to enter recession, soaring unemployment and no government budget, it is difficult to imagine a harder welcome for Israel Katz.

18/05/2020
The Bank of Israel building in Jerusalem
Bank of Israel: Rate cutting was apart of economic damage control

The central bank on April 6 trimmed its benchmark rate to 0.1% from 0.25%, the first rate cut in five years and matching its all-time low.

By REUTERS
13/04/2020
Shai Babad
Finance Ministry: Soaring unpaid leave to cost state NIS 15 billion

The number of unemployment benefit claimants has climbed to almost 939,500, or 22.6% of the workforce.

29/03/2020
Netanyahu set to consider business rescue plans

"Our estimate is that 20% of all the employees who have exited the workforce will not return to their place of work."

26/03/2020
Economy Ministry: There is no shortage of food products

People have been seen emptying stores worldwide because of fears sparked by the coronavirus outbreak.

By CELIA JEAN , JERUSALEM POST STAFF
08/03/2020
Tourists look at a mobile phone as they stand at an observation point overlooking the Dome of the Ro
Despite coronavirus fears, inbound tourism increased in February

Inbound tourism in February is estimated to be worth NIS 1.7 billion ($493m.) to the Israeli economy, the Tourism Ministry said.

04/03/2020
Prime Minister Benjamin Netanyahu chairs a meeting on Israel's preparations for the implications of
Netanyahu: Procedures in place to guard economy from coronavirus outbreak

“We are working with the Finance Ministry to secure an economic safety net for the private sector to ensure continued economic activity.”

By MAAYAN HOFFMAN
25/02/2020
Bank of Israel holds interest rate, warns of coronavirus uncertainty

The outbreak of the coronavirus, the bank said, is casting uncertainty over a range of areas, including future economic activity both in Israel and abroad.

24/02/2020
Foreman wearing a face mask works as a cargo ship docks at a container terminal of Qingdao port
Israeli businesses request government aid to counter coronavirus impact

"As the time required to eradicate the virus grows longer, the economic impact grows exponentially."

20/02/2020
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