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ISRAEL AT WAR - DAY 626

Karnit Flug

Former Bank of Israel governor Prof. Karnit Flug speaks at the Eli Huwitz Conference for Economy and Society, organized by the Israel Democracy Institute in Jerusalem, May 2024. (Oded Karni)
Interview
War costs put Israel’s public services at risk of collapse, says former central bank head
By Sharon Wrobel
Without policy shift, social welfare won’t meet needs of population; quality of life and economic growth will be harmed, says Karnit Flug, ahead of this week’s IDI conference
Former Bank of Israel governor Prof. Karnit Flug speaks at the Eli Huwitz Conference for Economy and Society, organized by the Israel Democracy Institute in Jerusalem, May 2024. (Oded Karni)
May 27, 2025, 3:59 am
War costs put Israel’s public services at risk of collapse, says former central bank head
Without policy shift, social welfare won’t meet needs of population; quality of life and economic growth will be harmed, says Karnit Flug, ahead of this week’s IDI conference
By Sharon Wrobel
Jerusalem's Mahane Yehuda market stands largely empty, on August 4, 2024. (Chaim Goldberg/Flash90)
August 26, 2024, 2:21 pm
Israel’s economy in grave danger as Gaza war drags on, economists warn
Experts say economy cannot survive much longer as fighting with Hamas has stalled tourism, forced small businesses to shut, slowed down shipping and raised deficit
By Agencies
Former Bank of Israel governor Prof. Karnit Flug speaks at the Eli Huwitz Conference for Economy and Society, organized by the Israel Democracy Institute in Jerusalem, May 2024. (Oded Karni)
May 23, 2024, 4:45 pm
Israel’s economic response fails to address war needs, says former central bank head
Despite ‘basic resilience,’ the state has to take ‘tough’ steps, such as tax hikes, to start on a path of strong recovery, says Karnit Flug
By Sharon Wrobel
Former Bank of Israel Governor Prof. Karnit Flug attends the Eli Hurvitz Conference for Economy and Society, organized by Israel Democracy Institute in Jerusalem on June 22, 2022. (Yonatan Sindel/Flash90)
August 4, 2023, 7:44 am
What Matters Now to former Bank of Israel governor Karnit Flug: The economy, stupid
Leading economist offers data on the current effects of the controversial judicial overhaul legislation and projections for more ripples as the high-tech industry begins to unravel
By Amanda Borschel-Dan
Then-director of the US National Economic Council Lawrence Summers arrives for a bill-signing ceremony at the White House complex, December 2010, in Washington. (AP Photo/J. Scott Applewhite)
February 6, 2023, 12:51 am
PM said to have sought support for judicial changes from ex-US Treasury head Summers
Netanyahu reportedly asked top economist to help calm business jitters, to no apparent avail; ex-Bank of Israel governor Flug says she hopes government heeds global warnings
By ToI Staff
A combination of photos showing former Bank of Israel governors Karnit Flug (L) and Jacob Frenkel. (Yonatan Sindel and Yossi Zeliger/Flash90)
January 22, 2023, 10:49 pm
Ex-Bank of Israel chiefs warn judicial overhaul ‘could deal severe blow’ to economy
Jacob Frenkel, Karnit Flug say ‘strength of judicial system a central factor determining Israeli economy’s status in world’; dozens of companies plan strike Tuesday
By ToI Staff and Sharon Wrobel
People shop for groceries at the Rami Levy supermarket in Jerusalem on February 3, 2022. (Yonatan Sindel/Flash90)
February 3, 2022, 9:10 pm
Israel could do more to curb price hikes long-term, says former central bank chief
State should open up food market for imports, encourage price transparency, and consumer can be more proactive, suggests Dr. Karnit Flug
By Ricky Ben-David
Environmental Protection Minister Tamar Zandberg talks with green NGOs from Israel attending the COP26 UN climate talks in Glasgow, Scotland, November 2, 2021. (Sue Surkes/Times of Israel)
November 3, 2021, 2:09 am
In Glasgow, environment minister urges groups to steer society to greener future
Green nonprofits included in official Israeli delegation to UN climate talks for first-time, alongside a business and industry delegation
By Sue Surkes
Bank of Israel Governor Amir Yaron speaking at the annual Eli Hurvitz economic conference in Jerusalem held by the Israel Democracy Institute; June 29, 2021 (Israel Democracy Institute)
June 29, 2021, 5:25 pm
Bank of Israel’s Yaron says fiscal restraint needed to curb debt
Tightening the belt will curb growth but at least will not lead Israel to ‘worlds of unreasonable debt,’ which could spur downgrade by ratings agencies
By Shoshanna Solomon
Israelis at a cafe in Tel Aviv on March 11, 2021. (Miriam Alster/FLASH90)
March 18, 2021, 12:12 pm
As economy reawakens, fears of sluggish rebound for labor market linger
Ministry offers grants to encourage furloughed employees to return to work; former Bank of Israel head Karnit Flug warns that tackling unemployment is key to recovery
By Shoshanna Solomon
Self-employed and small business owners participate in a rally in Jerusalem on March 30, 2020 (Yonatan Sindel/Flash90)
May 27, 2020, 2:19 pm
Unemployment could be Achilles’ heel of Israel’s road to recovery – experts
New finance minister Katz must get people back to work as a first priority, with uncertainty about the coronavirus pandemic persisting and employers wary of the future
By Shoshanna Solomon
Governor of the Bank of Israel Karnit Flug during a meeting of the Finance Committee in the Knesset in Jerusalem on January 06, 2014. (Photo credit: Flash90)
April 5, 2020, 4:10 pm
Coronavirus crisis justifies more government spending, former bank governor says
Without a big economic package and increased spending, the effect of the pandemic on the economy will be ‘even more devastating’, IDI’s Karnit Flug says
By Shoshanna Solomon
Illustrative photo of a woman begging in Jerusalem. (Nati Shohat/Flash90)
February 23, 2020, 5:08 pm
Israel’s ‘most vulnerable’ citizens hit by political stalemate
The lack of a 2020 state budget is causing fear and cutbacks at organizations, educational institutions and social services that help the country’s weakest, experts say
By Alexandra Vardi and Ben Simon
Outgoing vice chair of the US Federal Reserve, Stanley Fischer. (Miriam Alster/Flash90)
September 1, 2019, 9:46 pm
Former Fed vice chair Stanley Fischer says Trump ‘doesn’t understand trade’
Speaking in Tel Aviv, Fischer says he is ‘very, very worried’; the US-China trade war ’causes a lot of damage to the world economy’
By Shoshanna Solomon
Finance professor and Governor of the Bank of Israel Amir Yaron. (The Wharton School, University of Pennsylvania)
November 18, 2018, 1:01 pm
Ministers confirm Amir Yaron as next Bank of Israel governor
Israeli-American economist thanks cabinet for ‘tremendous honor,’ hails predecessor Karnit Flug for ‘handing me a wonderfully managed institution’
By ToI Staff
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