Skip to comments.IMF Warns of Possible Economic Instability in Israel
Posted on 02/13/2012 11:40:56 PM PST by Eleutheria5
The International Monetary Fund (IMF) warned Israel on Monday of potential economic instability, AFP reported.
According to the report, the IMF said the instability was due to the high unemployment and deep poverty among Arab-Israelis as well as hareidi-religious Jews. The warning was made in an IMF report on the Israeli economy.
Severe poverty is concentrated in these groups, the IMF report was quoted as having said, adding that only 40 percent of hareidi men have jobs, and only 20 percent of Arab-Israeli women are employed. The report noted that their wage levels are low compared to other Israeli groups.
The IMF explained that since both the Arab and hareidi populations in Israel are expected to grow significantly over the next few decades, the possibility of economic instability increases.
As these groups are set to grow to half of the entire population in 30 years, up from a quarter now, these participation issues are macroeconomic in scale, said the report. Both communities want work, and the realization of that goal should be encouraged.
(Excerpt) Read more at israelnationalnews.com ...
If I recall correctly about the Haredi, they prefer to be on welfare because they consider themselves super-pious and having to work interferes with their lifestyle.
I don’t give a flyin-f### about Israeli Arab unemployment.
(I must be a really bad guy...but that’s the way I feel)
The Hareidi I do care about. Someone needs to light a fire under their butts and get them motivated.
I just wish the economy of the US was as stable as that of Israel. We are in a terrible mess here.... compared to our economic condition Israel really is the promised land.
I’d love to put the Israeli Arabs to work, building houses in Yesha (Judah, Samaria and Aza) for Jewish mitnahalim. They build houses real good.
How is it possible for that ‘poverty’ when Obama gave them billions upon billions of dollars????
Obama doesn’t give Israeli Arabs any money. You mean the Palestinians. The Israeli Arabs are full citizens and live pretty well, except so many are petty criminals. Does that count as employment?
If youd like to be on or off, please FR mail me.