Israeli economy strained amid war as Melnick Index drops 1.4% in Nov 23
This decline mirrors the severity observed during the first month of the COVID-19 shutdown.
Source: jpost.com
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This decline mirrors the severity observed during the first month of the COVID-19 shutdown.
The latest Melnick report gives one of the first concrete indications about the war’s effect on the Israeli economy.
A modest increase in the Melnick State of the Economy index may be short-lived as businesses grapple with the effects of the recent conflict.
Here's a closer look at the key factors influencing the Israeli economy as highlighted in August’s Index.
In spite of this data, Finance Minister Bezalel Smotrich said, "Israeli economy is showing relative resilience and stability."