Economy


Economy Minister Meets With Top Trump Economic Advisor

With U.S. President Donald Trump determined to bring jobs back to the United States, Israeli exporters – and especially high-tech exporters – have expressed concern that their businesses could be…

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Gov’t Eliminates Import Duty on Shoes

Taxes on shoes were the latest to be slashed, as the government continues with its program of lowering the cost of living for Israelis. Shoes, which until now had an…

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Industrial Production Posts Biggest Gain Since 2014

American industrial production expanded last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn. The Federal Reserve said Tuesday that…

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Wholesale Prices Jumped in April

Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy. The Labor Department said Thursday that its…

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Kahlon Tax-Break Plan Passes First Reading

The Knesset began its summer session on Monday, and in one of its first acts approved on its first reading the “Family Net” plan proposed by Finance Minister Moshe Kahlon.…

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Car Sales Plummet in April

After a record sales month in January, April marked the third month in a row of skidding sales in the Israeli car market. A total of 19,515 vehicles were delivered…

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Flug: We’re Prepared to Buy More Dollars

The Bank of Israel is willing to do a great deal to support the shekel, said Bank chairperson Dr. Karnit Flug. In an interview with Maariv on the occasion of…

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Productivity Posts Sharpest Fall in a Year

The productivity of American workers fell in the first quarter by the sharpest amount in a year, while labor costs increased. Productivity declined at an annual rate of 0.6 percent…

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Gov’t Approves Kahlon Tax Credit Plan for Working Parents

The government on Wednesday authorized for legislation Finance Minister Moshe Kahlon’s “Family Net,” which promises significant tax breaks and subsidies for working families and middle-class Israelis. Among the most significant…

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