The pandemic has highlighted economic, as well as demographic, differences in Israel
The Israeli economy impressed globally for its scientific infrastructure but scored particularly poorly in a comparison of prices and basic infrastructure.
“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.”
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.
How does this tiny nation in one of the world's toughest neighborhoods manage to be so innovative and entrepreneurial?
Lockdowns mean skyrocketing unemployment and reduced GDP, leaving no household or business unscathed. Unemployment exceeded 20% for the first time this evening.
“The national budget needs to include engines of equality and not just engines of economic growth. The Israeli government needs to invest in regions of the country neglected by the business sector."
“I know that Israel is very strong in green technology, so we feel that it would be beneficial to introduce Israeli technology into this sector.”
The sale follows an intensive series of meetings between senior Finance Ministry officials and foreign investors in London, Paris, Munich and Frankfurt.
A new study argues that the growth of Amazon and other online retailers has kept inflation and prices low in the U.S. Will Middle Eastern economies follow suit and allow e-commerce to take off?