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 […]» Read more
9th March 2017 Bottom line: The fiscal year has got off to a good start, with the twelve-month trailing (TTT) deficit/GDP ratio remaining at a very low 2.1%. Tax receipts are continuing strong, although vehicle sales have plunged. Spending is contained, except in the defence sector.» Read more
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.» Read more
If it’s getting big play in the mainstream media (MSM), it’s probably not important. If it’s genuinely important, it’s probably not getting big play in the MSM. That is the guiding principle I have learned to use as a yardstick for measuring what I see, hear and read in the MSM. It has proven to be pretty accurate and hence […]» Read more
February 22, 2017
Bottom line: Service exports closed out a banner year with a record-breaking performance in December — the first month ever in which service exports topped $4bn. After stability in 2015, service exports resumed their rapid growth path in 2016, with over 10% growth overall, led by a 14% jump in high-tech sectors.
A] Manchester local radio This is an interview conducted on ‘Jewish Hour’, a weekly show on Salford City Radio – which is a local radio station in Manchester, UK. I visited Manchester on behalf of Israel Bonds in early December 2016 and the interview – which relates to trends in the Israeli economy in general, as well as discussing Israel […]» Read more