Treasury: Foreign investments in Israel plunged 60% in 1st quarter this year

Finance Ministry says Israel drew $2.6 billion in foreign funds in Q1 2022, a 60% drop from 2020 and 2022 averages
Reports an 80% plunge in mergers and acquisitions amid tech layoffs and judicial overhaul spooking investors
Foreign direct investment fell 34% to $4.76 billion in Q1 2022 versus 2020 and 2022 quarterly averages
Average size of exit transactions dropped 80% to $56 million versus $307 million in 2020 and 2022
Last year, foreign investments totaled $29.3 billion after record $47 billion in 2021

timesofisrael.com

Relevant topic timeline:

8/27/2023

Israel named OECD country with highest cost of living in 2022 - I24NEWS

Israel was named the OECD country with the highest cost of living in 2022, with prices 38 percent higher than the average for OECD countries. However, in a more recent monthly study, Israel fell to fourth place in terms of the cost of living.

8/27/2023

Israel tops OECD's most expensive countries to live in

Israel's high cost of living, which surpassed Switzerland, can be attributed to the balance of payments and influx of foreign currency in the high-tech sector, according to a Hebrew University expert.

9/3/2023

Interest rate expected to remain at 4.75%, say analysts

The Bank of Israel is expected to maintain its interest rate at 4.75% due to decreasing inflation and indications of modest economic growth, despite concerns about the slowdown in the hi-tech industry and reduced demand for workers; meanwhile, interest rates in Israel are influenced by expectations of lower rates in the United States and the recent drop in the shekel's value.

9/11/2023

Home Sales Plummet to Lowest July Levels in 20 Years as Rising Rates Deter Buyers

The number of apartment purchases in Israel dropped sharply in July due to rising mortgage rates, resulting in the lowest sales figures in decades.

9/16/2023

Foreign Investment in China Dips Despite Improved Quality and New Firms

Despite efforts to attract foreign capital, foreign direct investment in China has dropped by over 5% in the first eight months of the year due to the slow recovery of the global economy and geopolitical tensions, with increasing investment flowing towards Southeast Asia instead.

9/18/2023

Stocks Uneasy as Investors and Consumers Differ on Economic Outlook

Summary: U.S. stocks slumped amid mixed sentiment about the economy, with only the Dow Jones Industrial Average rising for the week, while Asia-Pacific markets mostly fell, and China's venture capital investment dropped by 31.4% compared to 2022 due to its sluggish economy and geopolitical tensions discouraging foreign investors.

Topics

Posted 9/6/2023, 8:43:00 PM

Treasury: Foreign investments in Israel plunged 60% in 1st quarter this year

Finance Ministry says Israel drew $2.6 billion in foreign funds in Q1 2022, a 60% drop from 2020 and 2022 averages
Reports an 80% plunge in mergers and acquisitions amid tech layoffs and judicial overhaul spooking investors
Foreign direct investment fell 34% to $4.76 billion in Q1 2022 versus 2020 and 2022 quarterly averages
Average size of exit transactions dropped 80% to $56 million versus $307 million in 2020 and 2022
Last year, foreign investments totaled $29.3 billion after record $47 billion in 2021

timesofisrael.com

Relevant topic timeline:

8/27/2023

Israel named OECD country with highest cost of living in 2022 - I24NEWS

8/27/2023

Israel tops OECD's most expensive countries to live in

9/3/2023

Interest rate expected to remain at 4.75%, say analysts

9/11/2023

Home Sales Plummet to Lowest July Levels in 20 Years as Rising Rates Deter Buyers

The number of apartment purchases in Israel dropped sharply in July due to rising mortgage rates, resulting in the lowest sales figures in decades.

9/16/2023

Foreign Investment in China Dips Despite Improved Quality and New Firms

9/18/2023

Stocks Uneasy as Investors and Consumers Differ on Economic Outlook