1. The Israeli Economy in an Uncertain Global Environment
- Author:
- Tomer Fadlon and Esteban F. Klor
- Publication Date:
- 08-2022
- Content Type:
- Working Paper
- Institution:
- Institute for National Security Studies (INSS)
- Abstract:
- Economic uncertainty has increased in recent months following the macroeconomic figures published by the major economies. The return of inflation, the supply chain crisis, and the war in Ukraine are leaving their mark on the global economy and arouse concern among both politicians and central banks. In contrast to most of the world's countries, Israel seems like an island of economic stability: inflation is relatively low, and while Western countries are posting negative growth, second-quarter growth in Israel exceeded the expectations. Yet despite the positive data, the slowdown among Israel's main trading partners is expected to affect the local economy, which will have to contend with a challenging economic environment in the coming months.
- Topic:
- Economics, Globalization, International Trade and Finance, Inflation, and Supply Chains
- Political Geography:
- Middle East and Israel