OECD Report: Israel’s Economy “Remarkably Resilient But Productivity Weak”


The Israeli economy and employment rate have been growing consistently for the past 13 years and have been described as “remarkably resilient,” according to a report by the Organization for Economic Co-operation and Development (OECD).

OECD Secretary-General Angel Gurria presented the 141-page biennial report to Prime Minister Netanyahu and Finance Minister Moshe Kahlon on Sunday, January 31.

The report said that Israel is economically better prepared albeit not entirely prepared to look after its aging population when compared with the other 33 members of the OECD.

Moreover, the report stated that with the exception of the year 2014 due to Israel’s conflict with Gaza, Israel’s economy has experienced 13 consecutive years of growth with an increase in annual output exceeding most other OECD countries.

The report also made a series of suggestions to Israel regarding climate change, but it stated that Israel accounts for only 0.2% of the world’s global greenhouse gas emissions overall.


{Matzav.com Israel}


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