ISRAEL HAYOM
by Yoram Ettinger
May 1, 2015

Irrespective of a cynical and gullible “elite” media, independent of diplomatic pressure, political correctness and conventional wisdom, in defiance of the global economic slowdown, in the face of war and terrorism, and despite ill-advised threats of boycott, divestment and sanctions — but, due to principle-driven tenacity, inherent optimism, human capital/brain power, creativity, cutting edge ingenuity and breakthrough, game-changing innovations — Israel’s economy is expanding beyond expectations, reacting constructively to pressures and challenges, and developing unique commercial and security niches in response to local and global needs…. Israel’s growth rate (3%) is similar to the U.S.’s and higher than the OECD average, Canada’s, Britain’s and Germany’s. Israel’s unemployment is below the OECD average. Israel’s declining debt-to-GDP ratio (67%) is lower than the U.S.’s, the Euro bloc’s, Japan’s, France’s, Canada’s, Britain’s and Germany’s. In light of Israel’s economic performance, one would hardly guess that Israel waged a six-week war against Hamas terrorists in July-August 2014. READ MORE