Following the Hamas-led attacks on October 7, 2023, Israel's financial sector has demonstrated notable resilience. The Tel Aviv Stock Exchange has experienced a significant 130% increase, surpassing the 80% growth observed on Wall Street during the same timeframe. Additionally, the shekel has appreciated by 25%, positioning it as one of the top-performing currencies globally. Despite these positive indicators and sustained full employment, concerns persist regarding the long-term sustainability of allocating ten percent of the national gross domestic product toward defense expenditures. Investors are currently evaluating the potential economic implications should the opposition succeed in unseating Prime Minister Benjamin Netanyahu in future electoral cycles, weighing the current market strength against the fiscal pressures of ongoing military spending.
Source : The Jerusalem Post
Photo : The Jerusalem Post
