FROM THE DESK OF THE PRESIDENT OF REICHMAN UNIVERSITY, PROF. RAFI MELNICK MELNICK INDEX

Every month Prof. Rafi Melnick, President of Reichman University, publishes the Melnick State of the Israeli Economy Index, which reflects the state of the economy and the turning points over the business cycle. Over the years, the Index has identified, in real time, the economic fluctuations due to both external and internal shocks.

The recent index summarises 2022 and shows a remarkable rate of growth in the business sector, reflecting a strong performance after the recession of coronavirus.

The figure below clearly shows that 2022 can be divided into two halves, with the first showing strong growth and the second showing a decline in the rate of growth. This could be due to external factors as well as in response to the rise in interest rate by the Bank of Israel.

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