BREAKING NEWS

Netanyahu asks economic experts for more plans to stimulate economy

AUGUST 18, 2020 19:40

Prime Minister Benjamin Netanyahu directed the Finance Ministry and Bank of Israel officials to present him with plans to increase employment and stimulate the economy on Tuesday after hearing their respective predictions, according to a press release on behalf of the Prime Minister’s Office.

The discussion included Finance Minister Israel Katz, Governor of the Bank of Israel Amir Yaron, the ministry’s Head of the Budget Department Shaul Meridor, Head of the Israel Tax Authority Eran Yaakov and other high-level officials.

The nation is facing steep unemployment with the Finance Ministry predicting that 15% unemployment might be registered at the end of 2020 and a 10.6% decline in GDP for the first half of the year reported by the Central Bureau of Statistics.

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