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Israeli Economy Contracts by 19.4% in Q4 2023

Despite the war against Hamas, the Bank of Israel expects the economy to grow by 2% in 2024.

Number of Israelis Absent from Work Due to War Continues to Decline

In December, about 285,000 employed people in Israel – approximately 7% of the workforce – were absent from their jobs due reasons related to the war in Gaza.

12,000 Foreign Workers Have Returned to Israel Since War

Israel is talking with a number of countries to bring in workers for the construction and agriculture industries.

Israeli Government OKs New National Priorities Map

The plan expands state assistance to communities in the social and geographic periphery.

Smotrich: Judicial Reform Protests Have ‘Minimal’ Effect on Economy

"The free market is smarter than the leaders of the barn-burning campaign thought," the finance minister said.

Bank of America Executive Bullish on Israel’s Economy

Bernard Mensah stressed the country's strength in high-tech, "strong human capital" and government spending on R&D.

Netanyahu: Israel Can Easily be Among World’s 10 Leading Economies

“Israel’s status as an economic asset to the US and Western countries is rising all the time,” Netanyahu said.

Israeli Fruit Likely to be More Expensive This Summer

Although rain in April is not unusual, this time it was not good news for the farmers, due to the severity of the storm.

Fitch Affirms Israel’s Credit Rating at ‘A+’ with a ‘Stable Outlook’

Finance Minister Smotrich, "The credit ratings prove that we are taking all the right steps to move the State of Israel forward."

Israel’s GDP Increased 6.5% in 2022

According to the Central Bureau of Statistics, Israel’s inflation rate reached a 14-year high in January, jumping 5.4% over the previous year.

Netanyahu Makes it Clear: Judicial Reform Will Improve the Economy

Netanyahu said his judicial reform bill will make Israel an even better place to in which to invest.

Israeli Government Cuts Gas Prices

Starting on Sunday, there is a reduction in the price of a liter of gasoline by 10 Agorot.

Israel Raises $2 Billion in First Ever Green Bond Issue

A green bond enables investors in the capital market to be connected to the government’s sustainability and environmental goals and to help promote these goals.

Bank of Israel Hikes Interest Rates Again, This Time to 3.75%

Inflation in Israel was 5.3 percent over the past 12 months, although economic activity in Israel has remained strong.

Israel Expects Multi-Billion Fiscal Surplus for 2022

The surplus is anticipated in spite of the fact that November was Israel’s third consecutive month with a fiscal deficit.

Israel and Japan Move Towards Free Trade Agreement

Japan has the third-largest economy in the world.

Israel’s GDP up at 6.8% rate in Q2

The Israeli economy's progress led the OECD year on year.

Moody’s Maintains Israel’s A1 Ranking, Updates Outlook Change to Positive

Moody’s international rating agency announced Friday that Israel will maintain its high A1 credit ranking, following the Israeli economy’s strong fiscal performance.

Israel Grapples with High Cost of Living as Citizens Grumble over Rising Prices

“Reduce all the tariffs, all the quotas and all the NTBs—they are adding 40% to 80% to the cost of most products,” said Elise Brezis, professor of economics at Bar-Ilan University and director of the Azrieli Center for Economic Policy. “That’s the first thing the government has to do. When they do that, then there will be a big change. The rest is commentary.”

Fitch Affirms Israel’s A+ Rating with a Stable Outlook

This positive news about Israel’s economy came hours after the Central Bureau of Statistics announced that Israel’s Gross Domestic Product (GDP) grew by 8.1% in 2021.

PA Prime Minister Declares: We Seek to Disengage from Israeli Economy

It is widely believed among PA economists and officials that a unilateral cancellation of the agreements with Israel will bring disaster to the PA’s economy.

Finance Minister Liberman to Bolster Non-Banking Financial Institutions

It will allow non-banking lenders to increase competition with credit from the banking system.

Israel’s Unemployment Below 10% in March, Benefits Will Be Cut

According to the new data, the city of Nazareth has the highest rate of job seekers in Israel – 26.7%. It is followed by Umm al-Fahm with 26.5%.

Bank of Israel Issues Financial Stability Report under Corona Pandemic

The effects of the crisis and the government restrictions is seen in the residential real estate market, particularly in the number of housing starts.

Israel Bank Removes Restriction on Prime-Rate Mortgages

Also, officials at the Bank of Israel noted that next year should see a reduction in the early repayment fees.

President Rivlin Grants First Pardon to Debtor Unable to Pay Fines Because of the...

The pardon request came from a single mother of three children, two of whom are handicapped, who suffered domestic abuse.

Israel’s Economy Shrunk by 28.7% in Second Quarter of 2020

Although this is the sharpest decline in GDP ever in Israel, compared to the rest of the world the picture is less harsh.

New Measures, Tax Cuts Aim to ‘Propel’ Israeli Economy, ‘Get the Wheels Moving

Israel announces permanent cuts in customs duties and purchase tax, as well as an extension of unemployment benefits, to spur growth in the wake of coronavirus lockdowns.

S&P Maintains Israel’s High -AA Rating Amid Coronavirus Financial Crisis

Israel’s economy is expected to contract by 5.5 percent in 2020 for the first time in over two decades, but is expected to recover.

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