Israel placed fourth in world's best-performing economies in 2022 – I24NEWS

Israel ranks fourth among the best performing economies in the world in 2022, according to a ranking compiled by The Economist,. A very good place obtained despite the political instability of the country, according to the British newspaper. The established list, which includes a total of 34 countries, takes into account five different macroeconomic indicators: growth, annual inflation, the extent of inflation, the stock market and public debt. According to Globes, Israel's debt-to-GDP ratio has fallen this year from 68% to around 60%. And if inflation in the last 12 months in the country has reached the high level of 5,3%, this is about half the rate of price increases "in the rich world", underlines The Economist,.

The first place in the ranking is occupied by Greece, which, after the economic upheavals it experienced even before the pandemic, managed this year to reduce the national debt ratio by 16%. Portugal and Ireland rank 2nd and 3rd respectively. Israel shares fourth place with Spain.

The major world powers are, for their part, less well ranked. The United States is in 20th place, with very weak growth of 0,2%. Germany is in 30th place, with high inflation of 10%. The last country to occupy the ranking of the best performing economies of the year is Estonia.

This international comparison points to a clear advantage in terms of inflation for countries whose energy is not based on Russian gas and oil, such as Israel. Spain, for example, which buys natural gas from Algeria and uses solar energy, has recorded a relatively moderate increase of 5,7% in the consumer price index since the beginning of the year. until October. Latvia, on the other hand, suffered a 20% inflationary rampage due to its energy dependence on Moscow. 

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