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economic growth

Sharon Wrobel
Interview
Sharon Wrobel
A top economist sees Israel’s fiscal future on the ballot as costs of war, division mount
Prof. Zvi Eckstein, head of the Aaron Institute for Economic Policy at Reichman University and former deputy governor of the Bank of Israel. (Oren Shalev)
Ahead of election, former central bank deputy governor Zvi Eckstein says outgoing government's decisions have impacted country's growth, with economy at risk unless changes are made
Illustrative: A largely empty pedestrian mall in central Jerusalem on August 2, 2026. (Yonatan Sindel/Flash90)
September 1, 2026, 8:54 pm
Bank of Israel slashes rates to four-year low to bolster postwar economic rebound
Central bank cuts borrowing costs to 3.25%, warning of only partial recovery; manufacturers accuse Governor Yaron of doing too little too late, as strong shekel batters exporters
By Sharon Wrobel
A sign for credit agency Moody's, on August 13, 2010, in New York. (AP/ Mark Lennihan)
July 15, 2026, 5:06 pm
Moody’s lowers Israel’s growth outlook, cites heightened risk of conflict, ‘weakened institutions’
Rating agency maintains Israel’s credit rating but cautions about lingering economic fallout from defense spending and threats to judicial system
By Sharon Wrobel
Illustrative: People shopping at the Azrieli mall in Tel Aviv, during the Municipal Elections, February 27, 2024. (Flash90)
December 2, 2025, 6:26 pm
OECD sees Israel economy rebound following Gaza ceasefire, but warns of risks
After ballooning war spending on defense and civilian needs, growth will be driven by exports and private demand, the organization says; raises concern about fiscal and tax policy
By Sharon Wrobel
Prof. Joel Mokyr speaks after winning the Nobel Prize in Economics at Northwestern University, Oct. 13, 2025, in Evanston, Illinois. (AP/Nam Y. Huh)
October 21, 2025, 4:50 pm
Israeli-American Nobel laureate says his award is secondary to hostages’ safe return
Joel Mokyr, an economic historian who grew up in Israel, says news that he won Nobel Prize in Economics stunned him; credits high school history teacher with shaping his vision
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks at a press conference in Jerusalem, April 7, 2025. (Sharon Wrobel/ The Times of Israel)
September 29, 2025, 8:02 pm
Central bank again holds rates as governor warns prolonged Gaza war weighs on growth
Amir Yaron says high geopolitical and economic uncertainty, alongside volatile inflation trends, do not justify cutting interest rate; central bank reduces 2025 growth forecast
By Sharon Wrobel
The Tel Aviv Stock Exchange seen on April 28, 2025. (Miriam Alster/FLASH90)
July 2, 2025, 7:04 pm
In wake of Iran war, Israelis hopeful for economic ‘peace dividend’ with neighbors
Tel Aviv share indexes have surged while Israel’s risk premium has sharply declined, as business owners brush off war damages and hope for new opportunities on the horizon
By Steven Scheer
The S&P Global logo is seen outside a building in Washington, on July 25, 2019. (Alastair Pike/AFP)
November 14, 2023, 2:00 pm
Credit rating agency S&P sees Israel’s war economy shrinking 5% in fourth quarter
S&P expects budget deficit to balloon to over 5% of GDP in 2023 and 2024 versus previous forecast of 2.3%; rating agency projects recovery of economy by end of 2024
By Sharon Wrobel
Managing Director of the International Monetary Fund Kristalina Georgieva attends the annual meetings of the IMF and World Bank Group in Marrakesh on Thursday, October 12, 2023. (Fadel Senna/AFP)
October 12, 2023, 7:02 pm
Israel-Gaza war could add to global economic woes, IMF head warns
Kristalina Georgieva says ongoing war is ‘darkening the horizon’ for an already weakened global economy as energy watchdog keeps an eye on feared oil supply disruptions
By AFP
An illustrative photo of the Tel Aviv financial business district skyline. (Elijah Lovkoff via iStock by Getty Images)
May 16, 2023, 7:24 pm
Finance Ministry cuts economic growth forecasts as tax revenue and investments cool
Treasury revises 2023 growth forecast down to 2.7% from 3% as economic slowdown will lower tax revenue this year by NIS 5.3b; sees judicial uncertainty affecting foreign investment
By Sharon Wrobel
Illustrative image of economic downturn, recession, and crashing stock markets (SARINYAPINNGAM; iStock by Getty Images)
January 16, 2023, 7:57 pm
World’s chief executives most pessimistic in over a decade about global growth
More than half of CEOs worldwide expect to cut costs in coming year, while seeking to retain headcount amid talent shortage, according to PwC survey
By Sharon Wrobel
People walk in central Jerusalem where the municipality hung coloful umbrellas to create shade for passersby, on September 10, 2021. (Nati Shohat/Flash90)
June 8, 2022, 8:10 pm
OECD predicts moderate growth for Israel, slashes global economic outlook
Organization says Israeli high-tech sector continues to show strength, but Ukraine war could affect economy through persistent inflation and lower demand from trading partners
By Ricky Ben-David and AP
Finance Minister Avigdor Liberman at the Finance Ministry in Jerusalem, on July 21, 2021. (Yonatan Sindel/Flash90)
February 17, 2022, 12:27 am
Israeli economy grew by 8.1% last year, surpassing all forecasts
Israel records highest financial growth rate in 21 years; Liberman credits government’s policy of ‘living alongside the coronavirus’
By Tobias Siegal
People walk by graffiti art of the late David Ben Gurion, Israel's first prime minister, on a street in Tel Aviv's Neve Tzedek neighborhood. January 22, 2022. (Nati Shohat/Flash90)
February 6, 2022, 4:31 pm
IMF says Israel managed pandemic ‘exceptionally well,’ warns of ‘significant’ risks
In report, financial institution notes rapid vaccination campaign, quick measures taken by government and central bank, but says challenges persist
By Ricky Ben-David
Prime Minister Naftali Bennett (third from right) and other ministers attend a cabinet meeting at the Prime Minister's Office in Jerusalem on October 17, 2021. (Alex Kolomoisky/POOL)
October 24, 2021, 7:34 pm
Cabinet okays NIS 32 billion to develop Arab Israeli economy, fight crime
Proposal must now head to the Knesset, where it is scheduled to pass along with the budget early next month; NIS 2.4 billion to be allocated to combat crime wave in Arab cities
By Aaron Boxerman
Children play in Wadi Nisnas neighborhood in Haifa on February 5, 2021. Photo by Shir Torem/Flash90
October 8, 2021, 9:59 am
As unprecedented billions planned for under-served Arabs, devil’s in the details
Policy makers say massive allocations will go a long way toward solving problems plaguing Arab Israeli communities. But some ask whether throwing money at the issue will be enough
By Aaron Boxerman
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