Israeli Prime Minister Benjamin Netanyahu said on Wednesday that his country’s actions have made it a rising global force that may eventually rank among the top 10 economies in the world.
Netanyahu added, “There was no credit market here. It’s been 20 years since the introduction of Israel’s 2003 economic plan, which I oversaw as finance minister.
It was absurd, and we still struggle with it. I’m addressing these issues with the finance minister, namely how to develop new financing sources. Israel currently has a “knowledge-intensive” economy, he added.
“We currently receive 20% of AI start-ups and a little higher percentage of cybernetics start-ups.
According to him, the United States is in first place, followed by us, who make up 1/1,000 of the global population.
He said that the Jewish state could “easily” rank among the top ten economies in the world.
“Israel’s status as an economic asset to the United States and Western countries is rising all the time,” he continued.
“While it is dependent on many events, its fundamental goal is to strengthen and increase the competitiveness of the economy. To secure Israel’s future is your mission.
Israel’s economy recovered in 2003, and its GDP increased by 4.8% in 2004 following a severe recession in 2002 and a depreciation of the shekel versus the dollar that caused it to reach an all-time low.