Hi-tech services continue to support growth

ISRAEL - Report 01 Mar 2021 by Jonathan Katz

* Hi-tech service exports expanded rapidly in Q420, supporting shekel appreciation.

* Rapid growth of employment in the hi-tech sector (high income) is expected to support higher rental prices.

* The economy is opening up rapidly, supporting economic growth and lower unemployment.

* The Bank of Israel appears more optimistic, and we expect some tapering of bond purchases in Q321.

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