Israel became the fourth best performing economy in the world in 2022, according to a ranking compiled by The Economist.
The impressive result was obtained despite the political instability in the Jewish State, according to the British outlet. The list, which includes a total of 34 countries, takes into account five different macroeconomic indicators: growth, annual inflation, extent of inflation, stock market and public debt.
According to Globes, Israel’s debt-to-GDP ratio has fallen this year from 68 percent to around 60 percent. And if inflation in Israel over the past 12 months has reached the high level of 5.3 percent, it still represents about half the rate of increase in prices “in the rich world,” underlined The Economist.
The first place in the ranking was awarded to Greece, which, after the economic upheavals it experienced even before the pandemic, managed this year to reduce the national debt ratio by 16 percent. Portugal…
