{"id":265902,"date":"2017-05-29T17:39:42","date_gmt":"2017-05-29T21:39:42","guid":{"rendered":"https:\/\/www.rael.org\/?p=265902"},"modified":"2020-11-16T14:48:30","modified_gmt":"2020-11-16T19:48:30","slug":"israels-economy-heading-for-disaster-experts-warn","status":"publish","type":"post","link":"https:\/\/noproxy.rael.org\/sk\/israels-economy-heading-for-disaster-experts-warn\/","title":{"rendered":"Israel\u2019s economy heading for disaster, experts warn"},"content":{"rendered":"
RAEL\u2019S COMMENT:<\/strong><\/span><\/h5>\n
Good news!<\/strong><\/span><\/h5>\n

 <\/p>\n

<\/p>\n

A report released by the Taub Center for Social Policy Studies in Israel shows the country has the highest poverty rates among OECD countries and faces \u201cworrisome trends\u201d that could have disastrous effects on its growing population.<\/p>\n

According to the Picture of the Nation 2017 report, with Israel\u2019s aging population and rising costs across the board, its\u00a0\u201ccurrent sources of economic growth are not sustainable.\u201d<\/p>\n

The country ranks 22nd out of 34 of the OECD (The Organisation for Economic Co-operation and Development) regarding GDP and takes the 24th spot within the market income poverty rate. Among developed countries, Israel has the highest percentage of its population living below the poverty line.<\/p>\n

\u201cThe past year has seen a decline in unemployment and a large rise in GDP,\u201d\u00a0but\u00a0\u201cunfortunately, it appears that this positive trend will not continue and new sources of growth must be found,\u201d\u00a0said the report.<\/p>\n

The Taub Center also described Israel\u2019s four percent GDP growth as an\u00a0\u201coutlier and not a trend.\u201d<\/p>\n

A separate\u00a0report\u00a0which was released earlier this month by the Shoresh Institution for Socioeconomic Research looked at economic trends over the entire 69-year history of the country. It concluded the economy shows deep-seated and long-term shortcomings that threaten to weaken the army and constitute an\u00a0\u201cexistential threat\u201d\u00a0to the country\u2019s future.<\/p>\n

In terms of GDP, Israel has been falling further and further behind the G7 average since the mid-1970s, with a more than threefold increase having developed in the gap between them. This, according to the report,\u00a0\u201creflects steadily widening disparity between what an employed person living in Israel can attain and what that person could attain in the countries that are pulling away from Israel.\u201d<\/p>\n

Professor Dan Ben-David, founder and chair of the Shoresh Institution and co-author of the report, has warned if Israel\u2019s Prime Minister Benjamin Netanyahu\u00a0\u201ccontinues to ignore the future\u201d\u00a0the country could be facing a catastrophe of massive proportions.<\/p>\n

Netanyahu has recently held some meetings with Israeli media outlets, claiming the reports do not reflect\u00a0\u201cwhat the public feels.\u201d<\/p>\n

\u201cIt is an industry of despair. Where they see unemployment, I see full employment. Where they see an economy in ruin, I see a flourishing economy. Where they see traffic jams, I see junctions, trains, and bridges. Where they see a crumbling state nearing collapse, I see Israel as a rising global power,\u201d\u00a0he was cited as saying by the Times of Israel.<\/p>\n

https:\/\/www.rt.com\/business\/390047-israel-economy-threat-research\/<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

RAEL\u2019S COMMENT: Good news!  <\/p>\n","protected":false},"author":71,"featured_media":283959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-265902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/posts\/265902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/comments?post=265902"}],"version-history":[{"count":0,"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/posts\/265902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/media\/283959"}],"wp:attachment":[{"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/media?parent=265902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/categories?post=265902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noproxy.rael.org\/sk\/wp-json\/wp\/v2\/tags?post=265902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}