{"id":39699,"date":"2022-08-30T07:00:00","date_gmt":"2022-08-30T05:00:00","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&#038;p=39699"},"modified":"2022-08-24T11:14:47","modified_gmt":"2022-08-24T09:14:47","slug":"israel-growth-picks-up-again-with-6-8-while-inflation-remains-high-and-the-shekel-is-still-at-its-highest","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2022\/08\/30\/israel-growth-picks-up-again-with-6-8-while-inflation-remains-high-and-the-shekel-is-still-at-its-highest\/","title":{"rendered":"Israel: Growth picks up again with + 6.8% while inflation remains high and the Shekel is still at its highest"},"content":"\n  \n    \n      \nIn the meantime, Israel&#8217;s GDP per capita in USD has grown by +4.5%, which now places the average standard of living of Israelis above that of the French, despite the persistence of a high national rate. of poverty (about 20%).\n\n    \n  \n\n\n  \n    \n      \nThe consumer price index also rose by 1.1% in July. The most marked price increases in July affected fresh fruit (+8.5%), transport (+3.3%), housing (1.1%) and leisure (1.2%). Overall, this is the highest monthly increase since July 2009. Year-on-year, Israeli inflation stood at 5.2% at the end of July, its highest level in 14 years.\n\n    \n  \n\n\n  \n    \n      \nA further rise in interest rates is expected next week, after those of April (from 0.1% to 0.35%), May (0.75%) and July (1.25%). ).\n\n    \n  \n\n\n  \n    \n\t\t\t\t\t\n\n\t\t    \n  \n\n\n  \n    \n      \n        \n          \n            \nThe Shekel still at its highest\n\n          \n        \n      \n    \n  \n\n\n  \n    \n      \nThe rate of the shekel against the euro has never been so high (3.31 ILS for 1 EUR on August 15) and the rise has been continuous since the beginning of July. The main driver of this appreciation was the recovery of the stock market on Wall Street and the need for Israeli institutional investors to protect their positions abroad by buying shekels (hedging).\n\n    \n  \n\n\n  \n    \n      \nIn addition, inflation in the United States also affects the exchange rate, since it reduces the real effective interest rate of the US dollar and thus makes the Israeli currency more attractive.\n\n    \n  \n\n\n  \n    \n      \nFinally, the resilience of the Israeli Hi Tech sector seems good and follows the global demand for an ever greater digitization of societies. FDI in this sector fell in the first half of 2022 but it remains at a high level of USD 6.1 billion and companies, particularly American ones, established in Israel continue to bring in very large sums each month to pay the high salaries of their employees. It is the Tel Aviv region that benefits the most from this windfall.\n\n    \n  \n\n\n  \n    \n      \nSource : Embassy of France in Lebanon\n\n    \n  \n\n","author":15,"featured_media":38574,"comment_status":"open","ping_status":"closed","template":"","tags":[5781,6580,5766,5765],"location":[5647],"class_list":["post-39699","news","type-news","status-publish","has-post-thumbnail","hentry","tag-bank","tag-consumption","tag-economic-analysis","tag-institutions-2","location-israel-2"],"short_url":"https:\/\/bit.ly\/3wmXVnI","have_related_news":"done","chapo":"After a downward correction in GDP of -2.8% in the first quarter of 2022, growth picked up again with +6.8% in the second quarter. Private consumption increased by +7.5% and professional activity jumped by +8.8%. The construction sector seems particularly dynamic, even if it is struggling to reduce the housing shortage, the prices of which have increased in one year (sliding year from May 2021 to May 2022) by 17.8%.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/06\/shekel-israelien-le-cycle-de-hausse-face-a-leuro-nest-certainement-pas-termine-analyse-de-william-gerlach-country-manager-france-chez-ibanfirst-6-550x360.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/06\/shekel-israelien-le-cycle-de-hausse-face-a-leuro-nest-certainement-pas-termine-analyse-de-william-gerlach-country-manager-france-chez-ibanfirst-6-550x360.png 550w","sizes":"550px","alt":"Shekel isra\u00e9lien : Le cycle de hausse face \u00e0 l'euro n'est certainement pas termin\u00e9. Analyse de William Gerlach, Country Manager France chez iBanFirst. 5","width":550,"height":360,"ratio":0.6,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/06\/shekel-israelien-le-cycle-de-hausse-face-a-leuro-nest-certainement-pas-termine-analyse-de-william-gerlach-country-manager-france-chez-ibanfirst-6-1091x658.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/06\/shekel-israelien-le-cycle-de-hausse-face-a-leuro-nest-certainement-pas-termine-analyse-de-william-gerlach-country-manager-france-chez-ibanfirst-6-1091x658.png 1170w","sizes":"1170px","alt":"Shekel isra\u00e9lien : Le cycle de hausse face \u00e0 l'euro n'est certainement pas termin\u00e9. Analyse de William Gerlach, Country Manager France chez iBanFirst. 5","width":1170,"height":658,"ratio":0.6,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Israel: Growth picks up again with + 6.8% while inflation remains high and the Shekel is still at its highest - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"In the meantime, Israel&#039;s GDP per capita in USD has grown by +4.5%, which now places the average standard of living of Israelis above that of the French,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2022\/08\/30\/israel-growth-picks-up-again-with-6-8-while-inflation-remains-high-and-the-shekel-is-still-at-its-highest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Israel: Growth picks up again with + 6.8% while inflation remains high and the Shekel is still at its highest - 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