(Israel Hayom) Yoram Ettinger - Israel's government debt-to-gross domestic product ratio, the Achilles' heel of most countries, has been reduced from 100% in 2002 to 63.9% in 2016, compared with the euro bloc's 90.7% and the OECD's 94%. Israel's unemployment rate has declined to 4.8%, compared to the OECD average of 6.3% and the euro bloc's 10.1%. According to the Huffington Post: "The emergence of Israel as a small, but significant, player on the world stage is one of the remarkable developments at the end of the post-Cold War era....With a flourishing economy of $300 billion and nearly $40,000 GDP per capita...its military was rated by the Institute for the Study of War as pilot to pilot and airframe to airframe, the best air force in the world."
2016-09-02 00:00:00Full ArticleBACK Visit the Daily Alert Archive