DEVELOPMENT IN MIDDLE EAST
ISRAEL AND PALESTINE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income inequality
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High cost of housing
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High poverty rates
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Tariffs have kept food prices high
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All of the above
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Detailed explanation-1: -While the Israeli economy remains strong, says the official at the Finance Ministry, “we are well aware of the economic risks and challenges that lie ahead.” According to her, these include the slowing global economy, rising inflation, tightening monetary conditions and geopolitical risks.
Detailed explanation-2: -WEAKNESSES. Dangerous geopolitical environment. Small economy. Concentration of exports on Western countries. Lack of workers in key sectors such as manufacturing and high-tech.
Detailed explanation-3: -Israel’s economic freedom score is 68.0, making its economy the 43rd freest in the 2022 Index. Israel is ranked 2nd among 14 countries in the Middle East and North Africa region, and its overall score is above the regional and world averages.
Detailed explanation-4: -(+) Diversified and advanced economy Israel has a modern and advanced economy and a business environment that promotes innovation. The economy is relatively open and the agricultural, industrial and services sectors are all well-developed.