Israelis have every reason to be optimistic. The Jewish state has cemented its position as a global leader in vaccinations against the coronavirus, and after battling the pandemic, we are finally seeing a steady decline in morbidity, mortality, and the infamous reproduction rate.
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Israel's economy is also bouncing back, but it is important to remember that not everyone is recovering at the same rate.
There are still hundreds of thousands of Israelis who are unemployed. Households, businesses, and companies have leveraged themselves on high-interest credit just to get through this period. It would be irresponsible to assume that the economic aftermath of the pandemic is already behind us.
On a macro level as well, Israel's economy remains battered and bruised – although less than other economies worldwide.
With the elections behind us, reducing Israel's national debt should be a top national priority.
To do so, we will need to get workers back to their jobs as quickly as possible and get the economy back on track so as to facilitate rapid growth.
All of this cannot happen without a responsible and functioning government in place. Israel's political leaders cannot afford to wait too long before getting to work.
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