Locked into self-destruct mode

30th April 2017 This issue is devoted to Section B: Domestic Politics, because much has happened and further developments can be expected– probably culminating in the collapse of the current coalition and the fall of the Likud-led government. The analysis presented takes the view that there is no objective reason for the government to fall so soon and no rational […]

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Services exports data for February 2017

1st May 2017 Bottom line: Export services, the key sector of Israeli exports and the main driver of long-term economic growth, continue to post solid gains in almost all areas, including tourism and passenger transportation as well as high-tech. Sales of start-up companies fell sharply from the record level reached in January and were slightly below that of February 2016.

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Trade data for January-March 2017

30-04-17 Bottom line: The overall trade data for January-March paint a picture of relative stability — but this is misleading. First, March saw a significant improvement, after the deficit widened sharply in January-February. Second, imports would have fallen had it not been for a massive increase in fuel imports. Third — and perhaps most important — high-tech exports are rising […]

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Israel’s economy set fair

18.4.17 Mishcon de Reya is a leading London law firm with extensive business in the Middle East. My old friend Harvey Morris, former FT correspondent in Israel, interviewed me for a recent article for their website, discussing Israel’s economic performance and outlook. For more visit: Israel’s economy set fair in spite of gathering storm clouds

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Services exports data for January 2017

29th March 2017   Bottom line:  Another strong set of data regarding export services, which is the driven of Israeli exports and hence of long-term economic growth. The main feature is continued growth in all areas — revenues from sales of start-up companies stood out, but the regular, ongoing business revenues are more important, and here the theme was solidly […]

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