Israel's economy: up, up, up

Israel's economy: up, up, up

Yorm Ettinger has just e-mailed out issue #87 in the Boardroom series. The item refers to recent economic news from Israel and shows clearly how all the anti-Israel boycotts are failing miserably. For a heart-warming read, click here.

Posted by Joseph Alexander Norland at October 12, 2004 07:04 AM

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1. T. said:

Netanyahu admits deficit will grow
By Zvi Zrahiya

Finance Minister Benjamin Netanyahu was adamant yesterday that the government budget for 2005 will be passed. "We will not deviate from this. Passing the budget is imperative for the Israeli economy," he told the Knesset Finance Committee yesterday.

However, Netanyahu then went on to explain why the budget deficit next year will be larger than originally forecast, citing the cost of disengagement from Gaza. As a result, the deficit will be 3.4 percent of gross domestic product, and not 3 percent as originally planned.

http://www.haaretz.com/hasen/spages/487460.html

Posted by: T. on October 11, 2004 11:11 PM

2. BobW said:

Not correct re an up,up,up economy.

Israel's "unique technologies" generate wealth for economies other than Israel's. Israel has a complexion of a NAFTA colony.

Yoram Ettinger says the Gaza Strip and Nablus are eclipsed by Wall Street and NASDAQ. Are El Al civil aircraft insured by "normal" policies? Please do not answer.

Some comments re Board Room # 87;

IMF rankings of Israel with Iceland and Switzerland tells a lot about the IMF.

Re 5; a closer look at "Israel's pension fund market" is needed. On second thought, let's not look. This will prevent stress overload.

OK, Israel has a GDP per capita nearly 4 times that of China's farmers. The entire report # 87 measures things no longer deemed necessary. Meanwhile, back at the central banks .....


Kol tuv,
BobW

Posted by: BobW on October 12, 2004 01:14 AM

3. bunuel said:

Sharon, in his speech to the Knesset, did seem to agree that the economy is beginning to take off again despite everything.

Posted by: bunuel on October 12, 2004 12:30 PM

4. David Gerstman said:

In "Israel at a Crossroads" Daniel Doron argues that still more needs to be done to uproot all of Israel's counterproductive institutions.

Posted by: David Gerstman on October 13, 2004 01:25 AM

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