Irving, TX (PRWEB) May 23, 2013
After successfully weathering the storm of the global financial crisis, Israel is poised for continued growth. The Israeli economy is likely to experience significant progress over the next five years and reach an estimated $291 billion at the current price by 2018. Israel does not have peaceful relations with the Palestinian Authority due to issues prevailing between the two, regarding the borders and division of land and has high sovereign debt risk. The country, however, is expected to overcome these shortcomings and experience solid growth over the forecast period.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on Israel and offers its findings in its comprehensive research report “PESTLE Analysis of Israel 2013”. The report analyzes the impact of different macroeconomic indicators of the country on various industries. This also includes the impact of socio-political-demographical changes on different industries in Israel. This report analyzes domestic and external economic trends, government policies, technological changes, and their impact on different industries. In the current economic scenario of the country, real estate, finance and insurance, accommodation, and food industry are likely to be most affected.
As per the study, Israel has opened most sectors for foreign direct investment (FDI). With new economy policies, Israel is attracting more FDI. Technological factors in Israel play a crucial role in the economy. The government of Israel is also increasing spending on R&D for developing new technologies. The financial sector is the key driver of Israel’s economy. Commerce, transport, and financial services are the leading industries in the economy. Israel’s high per capita income is the driving factors for these sectors. Lucintel’s study identifies biotech as a promising sector of the economy. Israel is set to play a pivotal role in the medical revolution. Many opportunities exist in this industry.
The industry research report provides an in-depth PESTLE analysis of Israel that covers the macroeconomy, political scenario, social, and technological position of the country. The study provides knowledge about the leading industries in the country.