Don't let the war distract you from the threat to Israel's economy
A September report from the Start-Up Nation Policy Institute (SPNI) highlighted a 20% decrease in investments and a 50% drop in deals during Q2 and Q3 of 2023.
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A September report from the Start-Up Nation Policy Institute (SPNI) highlighted a 20% decrease in investments and a 50% drop in deals during Q2 and Q3 of 2023.
Reservists have been called into military service, leaving tech companies understaffed. The tech sector employs about 12% of Israel's workforce and accounts for half of the country's exports.
The Bank's forecast places the interest rate at 3.75%-4.00% at the end of 2024, signaling a cautious approach to monetary policy.
The shekel-dollar rate has dropped below NIS 3.6, indicating the Israeli currency’s increasing strength — but it may be coming as a result of deeper issues.
The deficit is only one of several larger issues faced by the economy and exacerbated by the current government, expert notes.