Tag: economy

The Palestinian Authority warned of “imminent consequences

As of Sunday June 2nd the price of gasoline in Israel will be reduced.

GDP grew at an 14.1% annual rate in the first three months of the year after an annualized contraction of 21.7% in the fourth quarter of 2023.

Exports to Egypt and Jordan increased by 25%.

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

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.

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

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

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

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

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

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

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

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

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.

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

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

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

“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.”

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.

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.

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 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.

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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Israel’s Treasury issued $2 billion worth of 30-year bonds at 3.375%, or 115 basis points more than comparable US Treasury bonds, and an additional $1 billion worth of 10-year bonds at 2.5%, or 68 basis points above the US Treasury’s rates.

The current deficit is the highest the Israeli government had since 2012 when the deficit was 3.9% of the GDP.

Israeli export which is expected to reach $114 billion in 2019, an increase of 4.5% compared to the previous year’s figures.

The flourishing Mediterranean seaside city tied with Los Angeles.