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Israel’s economy victim of election campaign

Israeli politicians prefer to ignore the implications of two election campaigns in one year on the market and the state deficit, which could harm the country’s credit rating.
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The trade war between the United States and China escalated last week, following an announcement Aug. 1 by President Donald Trump that he would be imposing tariffs on Chinese imports, and a retaliatory decision Aug. 7 by the Chinese to stop the import of American agricultural products. Just one day before that, the United States announced that China was engaged in currency manipulation.

So far, Israel’s election campaign made no reference over this international crisis, even though it could have significant consequences for the Israeli economy. In fact, economic issues barely appear at all in the various parties’ campaigns, and if they do happen to appear, they are hidden behind an irrelevant series of personal attacks.

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