Bank employees in Israel go on strike - Effects on the Israeli economy Exclusive comment by Israeli expert

Interviews 18:54 24.07.2023

Bank employees in Israel have also called to join the strike against Prime Minister Benjamin Netanyahu's judicial system reforms.

But what effects could this strike have on Israel's economy?

Rostislav Goltzman, Israeli journalist and publicist, head of the international relations commission of the Israel Journalists Union, told Ednews that the panic caused by mass protests at the beginning of the year affected many businessmen:

"The main thing is that big investors have decided not to rush to invest in our economy. The government was forced to take measures, including raising the interest rate of the central bank. These measures, as well as the reduction of taxes and duties on goods imported from abroad, gave results in a short time."

According to him, it was possible to curb inflation, as well as the old scourge of the Israeli economy - real estate prices:

"Housing prices not only stabilized, but even began to decrease. So, it is unlikely that a one-day bank holiday will have a serious impact on the economic situation in the country."

 

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