Israel-Gaza War, Hi-Tech, Economy

Israeli Hi-Tech Hit Hard By Economy, Judicial Reform Fights, War - But Stabilizing

An analysis by Globes shows the Israeli hi-tech sector reeling from a series of blows the past few years but starting to bounce back.

(Photo: LookerStudio/Shutterstock)

Reeling from the troubles of the global economy, the internal societal struggle over judicial reform, and the war, the Israeli hi-tech sector appears to be stabilizing in terms of investment and employment, according to a Globes analysis.

While investment is down, early and quick mergers and buyouts, known as "exits" have helped keep the sector afloat.

Israeli hi-tech faces some serious challenges, including the rise of AI, which is not a field Israel has a comparative advantage, as opposed to other fields such as cyber defense.

People in the field are hoping that a wave of experts and expected reduction of interest rates will help restart the struggling "locomotive" of the Israeli economy.

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