This comes as an interesting counterpoint to the previous entry on "making it" in Israel...Read more.
Israeli is ranked 15th in the World Economic Forum’s (WEF) 2006 Global Competitiveness Index, up from 23rd place in 2005. The US fell from first to sixth place. Israel outranks Canada, Austria, France, Australia, Belgium and Ireland, which follow it in descending order.
The damage to Israel's economy from the war this summer appears to be less than initially feared. "The data we see right now confirms... the effects of the war were temporary and relatively mild," said Eldad Shidlovsky, acting head of economic research at the Finance Ministry.