Live Update 
From the Liveblog of
Sunday, January 31, 2016
From the Liveblog of
Sunday, January 31, 2016
OECD report ranks Israel 2nd in economic inequality
Add ToI as a Preferred Source on GoogleIsrael’s economy is sound but the serious issues of low productivity, poverty, and inequality must be addressed, urges a new report released by the OECD on Sunday.
The report ranks Israel as second in economic inequality, after Mexico.
Titled “Economic Survey of Israel” 2016, the study analyzes the current state of the Israeli economy in detail and concludes: “the economy has strong fundamentals, but productivity performance has been weak, income inequality and poverty are high, and the fiscal framework is not conducive to inclusive growth.”
The report raises concerns about high housing prices (far higher than the US, OECD, and Europe) and a high cost of living, and criticizes Israel’s educational standards.
— Lee Gancman
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