Nvidia has firmly established itself as a global powerhouse, becoming the second-largest international employer in Israel, trailing only behind Intel. Over the past four years, its workforce in Israel has grown by over 50%, a testament to its rapid expansion and...
Israel’s latest Consumer Price Index (CPI) data, released by the Central Bureau of Statistics, has sparked significant interest and analysis among experts. The figures reveal a notable increase in consumer prices, both on a monthly and annual basis, presenting...
In its latest report, international credit rating agency Moody's has decided to maintain Israel's credit rating at A2 with a negative outlook, citing concerns over the country's fiscal data and security situation. This decision comes after Moody's downgraded Israel's...
Belgian Prime Minister Alexander De Croo's announcement of his intention to impose economic sanctions on Israel due to its war on Hamas in Gaza and encourage other EU countries to do the same, marks a significant escalation in the country's pro-Palestinian policy and...
In a landscape of mixed predictions for the Israeli economy, Bank of America stands out with an optimistic outlook, contrasting starkly with the more cautious estimations of other rating agencies. The bank’s forecast, released during the holiday season, projects a...
In a tumultuous turn of events for Israel, a night marked by military response to Iran's attack six days earlier was coupled with a blow to the nation's economic credit rating. S&P, the renowned credit rating agency, made the sobering announcement of lowering...
The foreign exchange market in Israel witnessed heightened volatility as the shekel depreciated sharply against the dollar, nearing a five-month high at NIS 3.80. This significant movement reflects ongoing concerns surrounding Israel's geopolitical situation,...
The latest data on consumer prices in Israel reveals a notable uptick, raising questions about the trajectory of the country's interest rates. In March 2024, the consumer price index (CPI) surged by 0.6%, exceeding initial forecasts that had projected a 0.5% increase....
The Bank of Israel opted to maintain the country's interest rate at 4.5%, citing a split among senior economists and various economic indicators influencing the decision-making process. The decision came amidst a backdrop of differing opinions among economists...
In a sobering announcement today, Yaheli Rotenberg, the Accountant General of Israel's Ministry of Finance, disclosed that the country's cumulative deficit has surged to 6.2% of the GDP over the past 12 months, amounting to a staggering 117.3 billion shekels. This...