Economy

Economy

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    Israeli economy

    In late 2008, as some of the world’s financial giants began to stumble, Israel showed its economic strength lay not only in its capability for expansion during the boom years, but in its resilience during times of economic contraction.​​​​​​​​

     
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    • Israel is today an industrialized country with most of its manufacturing, including many traditional fields, based on intensive and sophisticated research & development and hi-tech processe ...
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    • Israel’s primary weapon in dealing with recession was an aggressive monetary policy.
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    • With its small economy and relatively limited domestic market, Israel's growth depends mainly upon expanding exports.
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    • The economic reform program embarked on by the government in 2003 continues to reduce the budget (as well as taxes) further and streamline the economy.
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    • Israel was well prepared when, in 2008, the effects of the financial crisis began to ripple across world economies.
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