Economy

Bank of Israel cuts interest rate to 3.75%

The Bank of Israel has decided, for the second time this year, to lower the interest rate in the economy by a quarter of a percentage point, to 3.75%.

Senate confirms Kevin Warsh as chairman of Federal Reserve

Senate confirms Kevin Warsh as Fed chair as the US economy grapples with war driven inflation.

Israel at 78: Record-breaking economic figures

Among the world’s 20 most prosperous countries, with GDP per capita among the global leaders, record levels of foreign investment, and an especially strong shekel. Israel’s Ministry of Finance has published official data.

International Monetary Fund

Israel’s GDP per capita surpasses England and France

Another strong indicator for the Israeli economy: GDP per capita continues to rise, reinforcing Israel’s position among the world’s leading economies.

Fitch affirms Israel at 'A' with negative outlook

Fitch cites resilient economy and strong external finances, while warning geopolitical risks may impact growth, fiscal balance, and debt levels.

How AI platforms are changing in the digital age

Discover how chat-based AI platforms are transforming the way people analyze news, economic trends, and social issues, and how tools like Use AI help readers navigate modern information.

Iran promises: We'll attack economic institutions

Iranian forces announce that US- and Israeli-affiliated banks and economic institutions in the Middle East will now be targeted.

Netanyahu at Ashdod Port:

Despite war, 'the economy is going full throttle'

Prime Minister Netanyahu and Transportation Minster Regev tour Ashdod Port and declared that trade remains open the economy is strengthening.

9.4 billion NIS per week

Smotrich urges easing war restrictions to boost economy

Finance Ministry seeks easing of restrictions as war with Iran seen costing NIS 9.4 billion per week.

Concerning trend in labor market

Share of laid-off academics reaches 26%

According to the data, the share of academic and managerial professionals among the laid-off has risen significantly.

Dollar drops to four-year low against shekel

US dollar drops to four-year low against Israeli shekel, as US President Donald Trump threatens to strike in Iran.

Bank of Israel leaves interest rates unchanged

Bank of Israel Governor Professor Amir Yaron announces that the Monetary Committee has decided to leave the interest rate unchanged, at 4.5 percent.

Netanyahu

'Investors should get on board today, we're about to take off'

PM holds press conference clarifying his remarks on the economy, hails the strength of Israel's economy even during the war and says, 'the technologies of the future that are here today and are being developed in Israel.'

TheMarker editor admits error: We were wrong

Speaking at an economic conference in Tel Aviv, TheMarker magazine’s editor - part of the Haaretz group - acknowledges that the grim forecasts following October 7 failed to materialize.

Opportunities and challenges:

The rise of the gig economy in Israel

Both globally and in Israel, the gig economy has rapidly changed the structure of the labor market.

The exceptional Trump-Israel partnership has economic benefits

Look ahead to a bright economic reset for Israel, Lebanon, Egypt and Turkey…and more. Op-ed.

The impact of emerging cryptocurrencies on the digital economy

The digital currency landscape is evolving rapidly, with new cryptocurrencies consistently entering the market.

Black Friday 2024:

Israelis spend NIS 1.2 billion

Credit card spending reaches an all-time high, with a significant increase in purchases of electronics, furniture and hotel vacations.

After Smotrich's pressure:

US says it will block recognition of PA state at UNSC

Israeli government approves extending indemnities to PA banks for another year to prevent the PA economy from collapsing after the Biden Administration assured Israel it would veto any UN Security Council resolution recognizing a Palestinian State.

Bennett:

'Why the next 50 years are going to be remarkable for Israel'

Former PM says Israel's people and youth stepped up on and after October 7, will come out of war with the strength and values to ensure 50 years of prosperity.

No competition:

El Al sees record revenues

El Al records its strongest quarter, following the drop in number of airlines flying to Israel during the war.

Pres. Herzog:

Saudi normalization would be a 'victory over the empire of evil'

Israel's business sector 'currently threatened by our enemies, who are trying to isolate us in order to harm us,' Israel's President Isaac Herzog warns at economic conference.

German companies consider 4-day work week

A new pilot project by 45 German companies would see workers on the job only four days a week, while retaining their previous salaries, to boost efficiency during the remaining days.

Turkey imposes economic sanctions on Israel

Turkey has decided to remove Israel from its list of export destination countries and will totally stop subsidizing trade and supporting businesses that maintain financial cooperation with Israel.

A vote of confidence in Israel’s economy despite war

Intel, the semiconductor giant, confirmed a $25 billion investment in Israel, leveraging Israel’s brain power, which has enhanced Intel’s competitiveness in the global market. And that's for starters. Op-ed.

Inflation contained:

Consumer price index rises 0.3% in July

Netanyahu calls results 'good news. Our economic policy works for the benefit of all Israeli citizens.'

Fitch affirms Israel at 'A+'; outlook stable

'Israel's economy strong, stable, & resilient, whoever invests in Israel profits,' PM Netanyahu, Finance Min. Smotrich, stress in statement.

Judicial reform protest leader:

Stop contributing to Israel's economy

One of the organizers of the protests against the judicial reform called for all contributions to Israel's economy to halt.

Will investors be driven away? Chill down!

Atty. Izhak Lax responds to letters written by hi-tech employees warning Netanyahu that his moves will drive US & European investors away

Israel's judicial reform will advance democracy and the economy

The new judicial reform proposals are not only good for democracy, but also for the Rule of Law and the Economy. Op-ed.

Study: Americans $4.2K poorer because of Biden's policies

Consumers taking major hit during Biden era, with far less spending power combined with out of control inflation and interest rate hikes.

Former Economy Min.: Freeze price of electricity

'Government must enact emergency plan to stop the rise in prices, reduce cost of living,' Likud's MK Eli Cohen urges.

US officially in a recession

US sees 2nd-straight quarter of negative GDP growth, with GDP shrinking by 0.9% even as inflation remains at a 40-year high.

IMF: High likelihood of recession in G7 countries

Predicted recession blamed on skyrocketing energy costs, supply chain disruptions, and the war in Ukraine.

Biden blasted for blaming bad economy on Republicans

Presidential tweet blaming economic woes on the GOP met with backlash from Republican lawmakers and commentators.

US economy surpasses predictions, adds 372,000 jobs in June

High labor demand leads to surprisingly strong growth in June, with the US economy defying predictions and adding 372,000 jobs.

WH hits back after poll shows 88% think economy on wrong track

Biden administration touts economic accomplishments amid record high inflation and fears of recession.

Watch: WH spokesperson 'reminds' us Biden 'fixed' the economy

New White House Press Secretary wants to play a 'Jedi mind trick' and remind us all how 'bad' the economy was like under President Trump.

Israel's economy shrank in 2022

New report indicates Israel's gross domestic product declined by 1.6% during first quarter of 2022.

Govt to food companies: Don't raise prices

With a stronger shekel and lower inflation, companies are making money without passing on savings to consumers.

The Hand of Hashem in Israel's economy

The Exiles have returned and the Land bears abundant fruits, two prophetic signs of Redemption, but Torah and economic wealth are as well.

US economy rebounds with 531,000 jobs added in October

Strong job growth for October shows the American economy on the upswing, with the jobless rate falling to 4.6 percent.

Job resignations surge to record heights during COVID crisis

Resignations jump 107% over 2012 levels as many job vacancies remain unfilled.

South Africa’s do or die remedy

A merit-free economy and a doomed society are wedded. Discard merit and you invite collapse. Witness South Africa. Op-ed.

$17 burgers - 'Lebanon's economy has ceased to exist'

A YouTuber travels to Lebanon and realizes the local currency has lost 90% of its value and exchange rates are changing on the hour.

How the financial sector is returning to the office

With more and more covid 19 restrictions eased, many employees across the UK and US are making a way back to the office.

Federal Reserve Chair: Economic growth ahead, COVID a risk

U.S. Fed Chair Jerome Powell predicts strong economic growth ahead but not every sector of the economy is recovering at the same pace.

Report: Inequality deepens during coronavirus crisis

Adva Center says poor, middle class have taken the brunt of the economic fallout of the last year while the rich have gotten richer.

The Israeli Election and the leading parties' economic plans.

What is missing from the chatterbox TV news programs is the vitally important plans of each party for the future of Israel's economy. Op-ed

Bennett to Economic Party supporters: 'We'll represent you'

Bennett's new campaign for Economic Party voters: 'We'll lower taxes, take care of economy. Zelicha does not pass electoral threshold.'

Netanyahu: We aim to open the economy completely in April

PM holds press conference outlining 5-stage plan for opening economy by April.

Third lockdown caused less economic damage

Financial analyst Dudi Reznik thinks that the economy is has suffered less under this lockdown than the ones before it.

Head of vaccination program: Fourth lockdown still possible

The head of the Magen Yisrael vaccination program says that vaccination is the key to avoiding a fourth lockdown.

Gantz promotes rehabilitation for COVID-affected businesses

Justice Ministry pushes 2 bills designed to help businesses facing insolvency, customers changing banks.

The crucial issues for Israel's elections: Economy and Area C

Which candidates and parties are going to address the pressing issues facing Israel once, hopefully, the vaccine changes reality? Op-ed..

Israel's economy defies COVID-19

Numbers speak for themselves, and while small businesses and workers will need help to recover, the data here will make it possible. Op-ed.

Salaries of ministers and MKs to be cut by 10%

Government approves ten percent cut in the salaries of ministers and Knesset members.

Yair Lapid: 'Government has ceased to recognize reality'

Lapid says Netanyahu crisis response 'not just detached, it's dangerous.'

US economy registers worst contraction since Great Depression

Government says US economy shrank this spring at fastest rate ever recorded, contracting by nearly 10% in just three months.

Netanyahu: We opened up economy too early

PM Netanyahu, Finance Minister Katz present plan to aid businesses hurt by coronavirus restrictions.