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Bibi-nomics Risks Extinction as Legacy Threatened After Election

Published by Yahoo on Wed, 17 Apr 2019


Benjamin Netanyahu the finance minister would find a lot not to like about Israel's economy these days. Now headed for a fifth stint as prime minister, Netanyahu -- who began his path back to power as finance chief from 2003 to 2005 -- will have to contend with a widening budget deficit and criticism of interventionist policies that call into question his reputation as a stalwart of capitalism and fiscal discipline. The nation's debt burden is rising for the first time since Netanyahu, popularly known as Bibi, began his second term in 2009 and Israel is ranked behind Kosovo and Moldova in the World Bank's latest Doing Business report.
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