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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Trade data for January-February 2017

13-03-17 Bottom line:  At the headline level, the trade deficit widened sharply in January-February. However, the detailed picture is much more complicated, even confused, as the points below illustrate. Overall, the export sector is still weak, but less so than last year, while imports are distorted by several short-term factors. The impact of the recent sharp rise in the shekel’s […]

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GDP DATA: NATIONAL ACCOUNTS FOR FULL-YEAR 2016 and REVISED QUARTERLY DATA

9th March, 2017 Bottom line: Another upward revision, with strength across the board. The first full set of national accounts for the whole of 2016 show even stronger growth than the estimates published at year-end. The growth encompasses domestic spending by the private and public sectors, exceptionally strong investment and strength in both imports and exports.  

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