israel economy

Allies of the Machane Yehuda market stand empty due to coronavirus
69% of unemployed Israelis remain out of work

A total of 1.06 million applications for unemployment assistance from the National Insurance Institute were submitted immediately prior to and during the coronavirus outbreak

Israeli nonprofit Ogen Group raises $30m. for coronavirus aid

Twenty-five percent of Israeli non-profits, on which hundreds of thousands of Israelis depend for daily services in healthcare, welfare, education and more, have ceased operations entirely.

In pandemic, 40% of Israelis struggle with finances, basic needs

“Having one or two members of a family dismissed from their jobs or put on unpaid leave creates an economic crisis that affects the whole family."

The Anglo playing a key role in jump-starting Israel’s economy

“We haven’t seen a contraction on a yearly basis in the Israeli economy for an awful long time, this is a very rare event.”

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.

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.

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.

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."

Economy Ministry: There is no shortage of food products

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

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