Articles by May, 2021

Following the criticism in recent days, Finance Minister Israel Katz instructed the professionals in his office to expand the outline of compensation to be given to businesses as part of the Wall Guard operation, so that businesses within 40-80 km of the Gaza Strip border will also be entitled to compensation. In the cities involved, any business owner who was injured during the riots and closed for at least 7 days will also be able to receive indirect compensation beyond the direct compensation. As part of the new outline that will be submitted to the Finance Committee for approval next...

The economy continues to recover. For the first time since the start of the Corona crisis, the percentage of unemployed in the Central Bureau of Statistics' expanding calculation fell from 10%, to 9.6% in the first half of May. The percentage of unemployed in the limited calculation used by the Treasury fell to 6.7%. This is according to data from the Labor Force Survey published by the CBS. However, it is likely that in the second half of May, in which Operation Wall Guard was conducted, the downward trend in the unemployment rate was halted

The OECD has published an optimistic forecast according to which the Israeli economy is expected to grow by 5% this year, and by 4.5% in 2022. Although current growth forecasts for the global economy (5.8%) and the countries of the organization (6.3%) are higher than for Israel, it is worth considering two additional data: The decline in Israel's GDP as a result of the corona crisis was lower than in the world and the West Of 3.5% and 4.8% respectively), but the expected growth rate next year is higher in Israel than in the rest of the world and the Western world (as mentioned, an increase...

June 1 is a date that will undoubtedly be remembered in the history of the State of Israel's war on the corona virus: in light of the low and stable morbidity along with a successful vaccination campaign, the need for a green label will be eliminated from today (Tuesday). This means that after a year and three months of restrictions, closures and a variety of areas of life that have entered silence - life as we knew it is back. In enclosed spaces there is still a duty of masks, but most of the economy should today move to normal activity, with no occupancy restrictions, no need to display...