Tag: israel economy

‘Startup Nation’ Israel hopes to ride out storm

By Jonah Mandel JAFFA, Israel (AFP) – The global economic slowdown and domestic political turmoil have not impaired the long-term prospects of Israel’s vaunted hi-tech industry, officials and insiders say, despite a recent decline in hiring in the sector. Nearly 18 percent of Israel’s gross domestic product comes from the tech sector, which employs 12 percent of the workforce, generates nearly a third of its income tax and constitutes half of exports, official figures show. […]