December 1, 2017
The North Korean crisis is not a Punch and Judy show, although Kim and Trump make it seem that way. It is a deadly serious power struggle with huge stakes and the latest missile launch on Wednesday night (November 29) brings the climax much closer.
December 1, 2017
November 28, 2017
The demise of truth is all-encompassing. Believe nothing, without checking the source
25th August 2017 Suddenly, it’s all happening in the Eastern Mediterranean. After years of delay, confusion and dwindling hopes, the effort to develop the offshore natural gas Israel discovered in 2009-2010 — especially the giant Leviathan field — is back on track. This rebirth began late last year, but it is the slew of developments in recent weeks which seems […]» Read more
20th August 2017
Bottom line: Service exports continue to expand, but this is despite the sale of start-up companies, which have been very sluggish since January. High-tech service exports — other than start-ups — are continuing to expand at a healthy — but no longer dramatic — pace. Tourist services proved to be the star performer in the first half of 2017.
August 15, 2017
Bottom line: The July trade data suggest grounds for concern, which may be specific to the pharma sector or perhaps be wider. Whether measured by ‘original data’ or seasonally adjusted data, goods trade in July generated the largest monthly deficit of the year to date. On the other hand, the cumulative data for January-July present a much more stable picture. Developments in the next few months should be watched carefully.
July 20, 2017
Bottom line: The trade deficit shrank in the first half of the year, as exports rose at a slightly faster pace than imports. Despite a sharp rise in fuel imports, vehicle imports fell; on the exports side, pharma and chemicals provided most of the gains in an otherwise lackluster picture.