ECONOMY

Bloomberg reports that the meeting in New York focused on harnessing AI to strengthen Israel's economy and military edge.

Prof. Amir Yaron tells “Globes” that the results of the meeting in Washington are only part of the bank's overall considerations.

The Bank of Israel has left the interest rate unchanged for the 14th consecutive time, after raising its inflation forecast for 2025 and cutting its growth forecast.

Israel’s Ministry of Economy and Industry insists that the decline in chip exports to Ireland is not political but rooted in changes taking place in the global chip market.

Due to lingering inflation and the uncertainties of the war in Gaza, Citi does not see a rate cut before February 2026.

The Taub Center for Social Policy Research study blames the worrying trend on the war and accelerated use of AI.

While one talks of a return to the Stone Age, another sees the prime minister's frankness as an expression of strength.

"We are marching with certainty to a diplomatic, economic, and social abyss that will endanger our existence in the Land of Israel."

The August Consumer Price Index pushes inflation below the upper limit of the Bank of Israel target range, as home prices continue to fall.

Speaking about Israel's diplomatic isolation and faced by economic sanctions, Prime Minister Benjamin Netanyahu said that Israel must become more self-sufficient.

Israel's accountant general Yali Rothenberg today gave a dramatic forecast for the future of Israel's civil service.

Ministry of Finance director general Ilan Rom accused the IDF of irresponsibly overspending.

Arab public opinion fears a tilt in the regional balance of power towards Israel, and is incensed by events in the Gaza Strip.

Monthly salaries of medium and high earners could be boosted significantly, if the decision to freeze the linkage of income tax brackets to inflation is revoked.

As income rises more slowly while inflation remains high, households are finding it harder to save.

For the year to the end of August, the deficit amounted to 4.7% of GDP, down from 4.8% in the year to July.

Perhaps scenting elections in the air, Minister of Finance Bezalel Smotrich said, "If he doesn't cut interest rates, I'll cut taxes."

The average wage for Israeli workers in July 2025 was NIS 14,113, according to initial estimates by the Central Bureau of Statistics, up 4.5% from July 2024.

Mizrahi Tefahot Bank deputy CEO Adi Shachaf told the Globes Investment Conference that the high cost of living is the Israeli economy's weak point.

The MOU signed only a month ago on an NIS 8 billion deal may be cancelled, and IEC is looking to Leviathan as a possible alternative.

A Finance Ministry report points to a steep rise in teacher numbers in the past decade, alongside concerns about their quality.

Ahead of Globes Family Companies Conference on September 4, Globes analyzes the characteristic of founders that leads to great achievements but makes life difficult for those around them.

The plan, which grants immunity from criminal proceedings for those who declare their hidden capital, is expected to bring NIS 2-3 billion into the state coffers, mainly from cryptocurrency profits.

The Turkish government has banned all movement of Turkish ships to Israel, including those carrying goods for the Palestinian Authority.

The bank cited geopolitical uncertainty and inflation remaining above the annual target range as reasons for its decision.

Israel's job market showed a dramatic recovery in July 2025, compared with June when the Iran war pushed broad unemployment up over 10%.

Israel's planned fiscal deficit for 2025 will widen to 5.2% of GDP to finance the ongoing war in Gaza and June's operation against Iran.

Israel's economy shrank by an annualized 3.5% in the second quarter, hit hard by the two week shutdown in June during the operation in Iran.

Major roads are blocked and many businesses are closed. Smotrich: The campaign plays into the hands of Hamas. Hostage families: Time has run out.

Annual inflation has fallen towards the upper limit of the Bank of Israel's target range, while housing prices fell for the fourth consecutive month.

The Israeli technology company is establishing a dedicated GenAI & Data division, which will deeply embed AI into Amdocs' DNA.