TEL AVIV (JTA) — It has the highest poverty rate among affluent democracies, the fourth-worst income inequality and the seventh-lowest government spending on social services. Those are among the dismal conclusions of the State of the Nation report, an annual set of papers on Israel’s economy and society released last week by the Taub Center…
A surge in Palestinian attacks in Israel is raising concerns that the weakening economy could eventually be pushed into recession. There are already signs that some Israelis may be pulling back from spending – one of the pillars of Israeli growth at the moment – and tourism, still reeling from the 2014 Gaza conflict and…
The Israeli economy grew by a surprisingly brisk 5.1% in the second quarter of 2013, in parallel with a steep increase in consumer spending, according to Central Bureau of Statistics figures released on Sunday. The rapid pace of growth in the second quarter, April-June, boosted first-half expansion to 3.4% in annualized terms. That first-half pace…
Calcalist, the Ynet-Yediot online business supplement, has an interesting interview with Pesach Hausfater, the Labor Zionist youth leader who’s described as the key organizational mind—some call him “the responsible adult in the room”—in the leadership of Israel’s current economic protest movement. His critique of Netanyahu’s economic policies is the most trenchant I’ve heard since the…
Note: I’ve corrected this post in light of the comments below that produced the text I was unable to find. In my blog post the other day about the Netanyahu government’s moves toward regulating the Israeli finance industry, I meant to elaborate about the role of Stanley Fischer, the governor of the Bank of Israel,…
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