Israeli Business Leaders Warn Economic Growth at Risk Due to Capital Flight and High Defense Spending

Tel Aviv Stock Exchange CEO warns Israel could go from rich to poor if Israelis keep sending money overseas instead of investing domestically

CEO criticizes government for inadvertently encouraging Israelis to transfer money abroad rather than embrace local investors and entrepreneurs

Public companies need to focus more on boosting liquidity and marketability to attract foreign investors

Increased defense budget due to war could have severe economic consequences, cutting growth rate in half

Association of Publicly Traded Companies CEO warns of returning to "lost decade" of 1973 war if defense budget gets too high