Israel can't revert to pre-COVID economic truths as if nothi

Israel can't revert to pre-COVID economic truths as if nothing has happened - Business


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Mar. 8, 2021
Two years of political chaos will end after Election Day, March 23, with the formation of a stable government that has a clear vision and priorities. Or not.
The results of the next election and the composition of the next government look increasingly unclear. All options are open.
But the inescapable fact is that whatever government is formed will have to decide on what socioeconomic model Israel is going to have in the post-coronavirus era. Ostensibly, the model was decided back in 1977, when the government of Menachem Begin vowed to create a capitalist economy and free markets. That really began to take shape in 1985 with the Economic Stabilization Program that sharply reduced government intervention in the capital market, opened the domestic market to imports, curbed subsidies and introduced privatization and a host of structural reforms.

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