Israel’s exposure to Ukraine and Russia is minimal

ISRAEL - Report 07 Mar 2022 by Jonathan Katz

1. Israel’s economic exposure to the Ukraine crisis is fairly limited.

2. Wage growth appears to be accelerating modestly, but the private sector is reporting a lack of available workers.

3. We see inflation's acceleration in the short-term supporting policy tightening, although the BoI is likely to stress “core inflation”.

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