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Greece first place
Israel has the fourth most productive interim economy in the world by 2022, according to a rating by The Economist.
The impressive result achieved despite the political instability of the Jewish state, according to British media. The list, which includes a total of 34 countries, takes into account five other macroeconomic indicators: growth, annual inflation, magnitude of inflation, stock market and public debt.
According to Globes, Israel’s debt-to-GDP ratio has fallen this year from 68% to around 60%. And although inflation in Israel over the past 12 months has peaked at 5. 3%, it is still a part of the rate worth building “in the world,” The Economist noted.
The most sensible place in the rating given to Greece, which, after the economic convulsions it experienced even before the pandemic, controlled this year to reduce the national debt ratio to 16%. Portugal and Ireland rank second and third, respectively, while Israel’s shares fourth position with Spain.
The main world powers, on the other hand, are in inferior positions. The United States ranks 20th, with a very low expansion of 0. 2%. Germany ranks 30th, with maximum inflation at 10%. Last country to occupy the ranking of the The acting economies of the year are Estonia.
This foreign comparison highlights a transparent merit in terms of inflation for countries that do not rely on Russian fuel and oil, such as Israel. The customer value index from the beginning of the year to October. Latvia, on the other hand, suffered a 20% inflationary rampage due to its energy dependence on Moscow.
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