Pinchas Landau writes about Israeli and Global economics, finance and politics
5TH JANUARY, 2020 Bottom line: The economy, as measured by GDP, grew by 3.3% in 2019 – similar to, if slightly less than, the previous two years. But only consumption is driving growth, with investment at a multi-year low and exports and imports both growing slowly. In 2019, the revaluation of the shekel gave real income growth an extra push, […]
» Read more22nd December 2019
On December 16, Intel announced that it had agreed to acquire Habana Labs, a 3-year-old Israeli start up, for $2bn in cash.
This deal is not “just another exit by an Israeli start-up”. It has numerous, far-reaching implications at the national and international level, as well as illustrating several key trends in the Israeli technology sector.
This note briefly reviews the key facts relating to the companies and summarises the aspects of the deal that make it so important.
» Read more第3四半期の経常収支の黒字は39億ドルで、第2四半期より300万ドル下回った。経常収支の4つの構成要素（下記参照）はそれぞれ第2四半期と比べ低下したが、わずかな純変化が見られただけで、大きな黒字がイスラエル経済の特徴となったことを示している。この黒字はまた、シェケルが強い理由ともなっており、レビアタン油田から天然ガスの輸出が始まる予定の2020年に増加する見込みだ。
» Read moreDecember 17th , 2019.
Bottom line: The current account surplus in the third quarter, at $3.9bn, was $300m. less than that in the second quarter. Although each of the four components of the current account (see below) declined compared to the second quarter, the net change was marginal, demonstrating how a large surplus has become a stable feature of the Israeli economy. This surplus also explains the strength of the Israeli shekel – and it is set to increase in 2020, when natural gas exports from the Leviathan field begin.
8th December 2019 Bottom line: Good news on the fiscal front?! At the least, the November data contained no bad news, which is already a relative improvement. However, the surplus reported is only ‘technical’, with the true result being a deficit (see below). Nevertheless, the 12-month trailing deficit through November was stable at 3.6% of GDP and revenues rose […]
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