OECD forecasts strong growth for Israel despite economic challenges

OECD Secretary-General Mathias Cormann offered a positive outlook for Israel's economic future during a meeting in Jerusalem on Tuesday, predicting strong growth despite the economic challenges at hand.

Speaking alongside Israeli Prime Minister Benjamin Netanyahu at the Prime Minister’s Office, Cormann emphasised the resilience of Israel’s economy and the vitality of its high-tech sector.

He stated that the OECD expects Israel’s economic growth in the coming year to surpass both the global average and the performance of other OECD member states.

However, while Cormann's comments painted an optimistic picture, recent OECD reports present a more cautious forecast.