Thursday, November 28, 2019

Economic Experiment

It is taking place these days in Israel. This year we had two elections and the third is scheduled for January - February. So we have no active government taking decisions nor passing laws till the next government, around June 2020. Is it good or bad?

Apparently it is excellent. A small irritation with Gaza fade away in days and we have peace. The economic activity is accelerating and the GNP is growing at 4% p.a. Faster than the USA and Europe. Only China and India are growing faster.  TASE, the Tel Aviv Stock Exchange, is fantastic: it has added 10% in the last three months. Israelis are feeling rich and I am worried that my daughters will spend the inheritance I shall leave on fashion items. Oy!

No comments:

Post a Comment