Home Economy The Economy Israel’s Post-Netanyahu Government Stands to Inherit

The Economy Israel’s Post-Netanyahu Government Stands to Inherit

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An end to two years of near paralysis in Israeli economic policy making is in sight as lawmakers prepare to vote Sunday on a new coalition government that would eject Prime Minister Benjamin Netanyahu.

The alliance’s radically divergent views on political and security issues will likely force it to focus on boosting an economy that’s running on an outdated national budget but free of most pandemic restrictions after a successful vaccination campaign. The Bank of Israel forecasts 6.3% growth this year, and 5% in 2022. Five charts show the challenges.

Employment

Joblessness has dropped since the economy emerged from lockdown restrictions in March, and could dip even further this month when those on furlough — counted in the unemployment numbers — see their benefits expire and some return to work. But it’s still roughly three times the pre-pandemic level of 3.4%. Economists have criticized the government for failing to train enough workers for…

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