September 2011 Bulletin

Israel’s macro economic performance in the recent years has been enviable: above-average growth, below average unemployment, a trade surplus, moderate inflation, and a shrinking public sector debt as a fraction of output.

As Professor Eran Yashiv, Chair of the Taub Center’s Economic Policy Program shows in the the new State of the Nation Report 2010, Israel weathered the 2007 to 2009 financial crisis better than most developed economies, with a downturn that was both smaller and shorter than that of the US and most of Western Europe.