Israeli tech rebound hinges on judicial reform
The Israeli tech downturn is likely to deepen this year as start-up funding continues to decline. Recovery in the crucial sector depends on the government's judicial overhaul.
To:
Al-Monitor Pro Members
From:
David Rosenberg
Israeli reporter specializing in business, economics and politics
Date:
Feb. 27, 2023
Bottom Line:
The downturn in Israeli high-tech is likely to deepen this year as start-up funding continues to decline. The sector’s strong human-resource assets, looser monetary policy and a renewed global appetite for innovative technology should lead to a recovery perhaps as early as the second half of 2023. However, the government’s judicial reforms and hardline Palestinian policies and a resulting upsurge in violence may delay or weigh down on the rebound by undermining business sentiment.
