End of two years of war doesn’t guarantee immediate rebound in Israel’s economy
At 3.25 to the dollar, the shekel has appreciated nearly 20 per cent against the US currency since October 2023, aided by Bank of Israel stabilisation measures. The Tel Aviv Stock Exchange’s benchmark index is up nearly 300 per cent, compared to 56 per cent for the S&P 500. Israel has also maintained access to international debt markets, raising a record $8 billion in March 2024 and $5 billion in February 2025.
