Israel's Financial Firepower - Webinar and Monograph - December, 2023

How low debt, high savings, and strong growth provide Israel significant financial firepower to fight and win a war

Starting in the early hours of Saturday morning, October 7th, during Shabbat and Simchat Torah, Hamas perpetrated the worst terrorist atrocity in Israeli history… Israel will win this fight because it is strong militarily, but also because it is strong economically… Overcoming setbacks, addressing challenges, and moving forward despite tragedy are the secrets to Israel’s ultimate success.

War has come, but Israel is strong and resilient. Islamic jihadists such as Hamas, Hezbollah, and Iran want to make life dangerous for Israelis, destabilize the Israeli economy, and force millions of Jews to leave the country. Israeli prosperity is in and of itself a victory over its enemies. Israel is a rich country whose GDP per capita exceeds France, Italy, and Japan. Despite a potential war-related recession, Israel’s growth engines remain intact: technological innovation, rapid population growth, increased labor force participation, and improved productivity…  Israeli households are amassing wealth at a rapid clip due to their high savings rate, and the government debt burden is modest. Low debt, high savings, and strong
growth provide Israel significant financial firepower to fight and win this war.