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Economy

Israeli Nobel Prize-winning economist Prof. Daniel Kahneman dies at 90
In 2002, Prof. Kahneman became the fifth Israeli to win the Nobel Prize for his pioneering work in behavioral economics; in 2013, he was awarded the Presidential Medal of Freedom by Obama; colleagues remember him as a visionary
Yaron Drukman, Daniel Edelson, New York | 03.27.24
עוברים לשעון קיץ
There is an economic benefit to daylight saving time
Extra hour of daylight every day starting from this coming weekend for 7 months will lead to significant energy savings for both industries and households; Additionally, it will boost demand for leisure, entertainment and tourism
Gad Lior | 03.25.24
החשב הכללי יהלי רוטנברג
Israel's chief accountant heads to London to stem financial downgrade tide
Defending Israel's economic stability, Accountant-General Yali Rothenberg plans to meet with economists from 2 leading rating agencies in UK capital; he will contend Moody's decision to downgrade Israel's rating premature, government implemented measures to prevent further decline
Gad Lior | 02.12.24
בצלאל סמוטריץ' מליאת הכנסת היום ב-124 למלחמה
Smotrich waves off Moody's decision to lower Israel's credit rating
Finance Minister calls the rating company's decision a 'complete political manifesto' and insists Israel's economy is strong enough to support the war and continue growing
Gad Lior | 02.11.24
ישיבת הממשלה ביום ה-93 למלחמה
Moody's expected to lower Israel's credit rating, Ynet learns
Credit firm to publish report in coming days after concerns Israel failing to take necessary steps to curb growing deficit, continues to allocate funds to unproductive sectors; fears exit from local economy of international companies, local financiers, cash
Gad Lior | 01.20.24
צה״ל חושף תשתיות טרור בבית החולים האינדונזי בצפון הרצועה ששימשו גם את מחבלי החמאס ב-7 באוקטובר
Cost of war will inevitably shift national focus
Analysis: While it is not officially addressed, it's becoming clear that the outrageous financial cost of running this war is more than the IDF has estimated - and that's without taking a potential full-scale confrontation with Hezbollah into account; the Israeli economy is already feeling the heat
Yossi Yehoshua | 12.26.23
טקס פתיחת הקו האדום של הרכבת הקלה
Government approves revised 2023 budget with contentious coalition funds in place
Gantz storms out of Cabinet meeting, accuses Netanyahu of breaking promises to reduce discretionary spending instead of addressing war necessities; Smotrich downplays disagreements as mere nuances, urging for united front
Itamar Eichner | 11.28.23
כפר עזה
Cost of war estimated in the billions, economy in the south would need years to recover
Officials in the Finance Ministry say entire communities destroyed with homes, infrastructure and agricultural fields burned, some beyond repair and future revenue loss to be felt far into the future
Gad Lior | 10.11.23
שקל דולר ואירו
Dollar strengthening around the world, and against the Israeli shekel
Strengthening of the dollar is attributed to recent positive economic data from the US economy; while in Europe, although inflation has indeed decreased significantly, there is still a looming threat of stagnation on the continent
Gad Lior | 10.03.23
Oil drilling vessel off the coast of Guyana
This is the best performing economy in the world
The economy of the South American nation of Guyana has experienced impressive growth this year, with a 38% expansion following a remarkable 62% growth in the previous year, according to the International Monetary Fund
Calcalist | 09.13.23
שקל דולר ואירו
Shekel weakens to about 3.8 against US dollar as High Court discusses judicial reform
The shekel has continued to weaken against the dollar, settling at a rate of 3.798 shekels, following yesterday's drop from 3.85 shekels, that was influenced by reports indicating a potential compromise in the judicial reform; As for the euro, the current exchange rate stands at 4.0694 shekels
Gad Lior | 09.13.23
כנס נאט"ו וילנה ליטא
This is how the US-led regional Economic Corridor was born
Israel Prime Minister Netanyahu claims US idea for railway connecting Israel and Saudi Arabia actually belonged to former Transportation Minister Israel Katz, was adopted by President Trump and then expanded by the Biden administration; Israeli officials: 'Unrelated to normalization with Saudi Arabia'
Itamar Eichner | 09.10.23
סמוטריץ' לא חוזר בו מהקפאת הכספים לרשויות הערביות: "לא נבהל מהמתקפות"
Smotrich says financial performance fails to meet expectation, blames protests
Finance Minister tells Knesset Finance Committee economy suffering from weak shekel but is strong; accuses protest movement of defaming Israel in economic circles
Ynet | 09.04.23
A woman shops in an Israeli supermarket
Israel tops OECD's most expensive countries to live in
Hebrew University expert says currency value trends explain short-term hikes but long-term trajectory must be attributed to the balance of payments and the influx of foreign currency in the high-tech sector but not in others
Adiel Eithan Mustaki | 08.27.23
לחיצת היד ההיסטורית בבית הלבן
Big hopes, bigger letdowns: Oslo's unfulfilled promises for Israel and Palestinians
Thirty years after the signing of the Oslo Accords, the economic vision for a 'new Middle East' has not materialized; Israel's economy didn’t benefit from the fruits of the agreements; Standard of living in the West Bank improved significantly despite IDF checkpoints while Gaza remains stuck far behind in the Hamas quagmire
Sever Plocker | 08.20.23
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