ECONOMY

What are "coalition funds"? Are the numbers big or small? Are haredi teachers underpaid? "Globes" provides some answers.

Tel Aviv has fallen to eighth place in The Economist Intelligence Unit's (EIU) Worldwide Cost of Living rankings for 2023.

The OECD forecasts only 1.5% GDP growth in Israel in 2024 but a strong recovery in 2025.

Benny Gantz and the other National Unity minsters voted against the new budget, which includes an additional NIS 30 billion to cover war related expenditure.

The Bank of Israel said that monetary policy could focus more on supporting economic activity if the markets remain stable and inflation continues to moderate.

Judah Levine of Freightos: Ships are sailing around Africa to avoid attack by Houthi terrorists.

In response to Benny Gantz's threat to vote against the revised 2023 budget, Benjamin Netanyahu claims that the dispute is over just 1% of the budget total.

Economic growth in Israel for 2023 is now forecast at 2%, which, given the growth in the population, amounts to stagnation.

"Employers must strengthen the social fabric and co-existence," President Herzog said at the meeting sponsored by NGO Co-Impact.

National Economic Council chair Avi Simhon says Israel's economy will withstand the war, and stresses that policy belongs with politicians, not officialdom.

While the October figures show no fall in unemployment, the full numbers presented by the Central Bureau of Statistics clearly indicate a cooling off in the job market, with many employees going on unpaid leave.

Minister of Finance Bezalel Smotrich's aids say that the extension of Prof. Yaron Amir's tenure is designed to calm the markets and provide stability for the economy.

Minister of Finance Bezalel Smotrich supports extending Yaron's appointment as Bank of Israel Governor for a second five-year term.

Job vacancies in Israel fell 18% from 114,000 on October 15 to 93,000 on November 7, the Central Bureau of Statistics reports.

The Israeli economy grew by 2.8% in the third quarter, after growing 3% in the second quarter and 4.2% in the first quarter.

If the shekel continues its impressive appreciation, some analysts see the Bank of Israel cutting the interest rate on November 27.

The Bank of Israel research department believes that the coalition funds should be canceled.

The ratings agency says it could restore Israel's credit outlook from negative to stable if the conflict is resolved, amid a reduction in regional security and internal risks.

Google Israel employees are entitled to work abroad for up to 30 days at the company's expense.

For the time being, Israeli investors appear to prefer the uncertainty of war to the political uncertainty that it has replaced.

Former Ministry of Finance director general David Brodet believes the war's economic impact can be kept within bounds, but doesn't trust the finance minister.

Major government spending such as payment of army reservists, and putting up 90,000 evacuees, won't be included until November's data.

An attempt to override Ministry of Finance professionals, allegedly to maintain funds for haredi parties, seems to have failed.

There were 70,000 new registrations at the Employment Service in October, 57,500 more than in September.

Israel's Minister of Interior Moshe Arbel and Sri Lanka's Ambassador to Israel Nimal Bandaranaike have signed an agreement, which will allow Israel to immediately hire 10,000 Sri Lankan farm workers.

Prof. Elie Podeh: The October 7 attack blew Saudi Arabia's diplomatic, economic, and defense strategy off course. It will pay back several times over.

The exchange rate against the US dollar is currently maintaining the trend seen at the end of last week.

Bezalel Smotrich has surprised some of the Ministry of Finance's top officials by doubling the range for enlarged business compensation from 20 to 40 kilometers.

Analysts say the traditional correlation between the shekel-dollar exchange rate and movements on US stock markets is reappearing.

The Ministry of Labor calculates that 764,000 Israelis are not in their jobs at the moment, less than the 28% of the workforce at the peak of the Covid pandemic.

The cabinet has approved the Ministry of Finance's plan to compensate businesses for the indirect damage of the war.