Monday, March 22, 2021

Israel Is a Vaccine Leader. Now Its Economy Is Improving.

Israel has fully vaccinated more than half its population, getting shots in arms at a pace that is far ahead of any other nation.

Israel's unemployment rate, using the broadest category of unemployed as defined by the country's Central Bureau of Statistics, was 18.4% in January, up from 13.2% in December.

Israel's economic picture does look a bit better than it did a few weeks ago.

Just weeks ago, on Feb. 20, Google said that visits to retail and recreation sites in Israel were 49% below the baseline.

Israel's TA-35 index, the Tel Aviv Stock Exchange's benchmark index, is up 8.5% since the vaccination campaign began on Dec. 18, trailing behind the S&P 500, which is up 10.3% over the same period.

This comes as Israel continues to make significant progress in its vaccination campaign.

The country has fully vaccinated 50.2% of its population, according to Bloomberg, and given at least one dose to 57.1%. The country continues to face criticism for its decision not to include Palestinians living in the West Bank and Gaza in its vaccination campaign, though it did recently begin vaccinating Palestinian laborers who work in Israel and in West Bank settlements.

https://www.marketwatch.com/articles/israel-is-a-vaccine-leader-now-its-economy-is-improving-51616417079?mod=markets 

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