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(Wall Street Journal) Nimrod Sapir - For almost two years, Israel has been embroiled in conflict on seven fronts. Yet its economy has defied expectations and displayed remarkable resilience. It is one of the reasons Israel has been able to fight on. This resilience is rooted in solid economic fundamentals: a debt-to-GDP ratio of about 60% at the conflict's onset, a roughly 3% unemployment rate, and a relatively low budget deficit. The Tel Aviv Stock Exchange is among the best-performing markets worldwide. For three decades, Israel's high-tech sector has been its engine of growth - and it remains so. Tourism has declined, but exports remain robust. The Bank of Israel is projecting 3.3% growth this year. The writer is CEO of the Israel Investment Houses Association and a former chief of staff to Israel's finance minister. 2025-09-11 00:00:00Full Article
Israel's Surprising Economic Resilience
(Wall Street Journal) Nimrod Sapir - For almost two years, Israel has been embroiled in conflict on seven fronts. Yet its economy has defied expectations and displayed remarkable resilience. It is one of the reasons Israel has been able to fight on. This resilience is rooted in solid economic fundamentals: a debt-to-GDP ratio of about 60% at the conflict's onset, a roughly 3% unemployment rate, and a relatively low budget deficit. The Tel Aviv Stock Exchange is among the best-performing markets worldwide. For three decades, Israel's high-tech sector has been its engine of growth - and it remains so. Tourism has declined, but exports remain robust. The Bank of Israel is projecting 3.3% growth this year. The writer is CEO of the Israel Investment Houses Association and a former chief of staff to Israel's finance minister. 2025-09-11 00:00:00Full Article
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