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Israel’s education system produces many tertiary graduates but there are wide gaps across society and core skills at secondary school are weak.
Israel is supporting its business sector and promoting competition in similar ways to many OECD countries, but there is room for improvement.
Despite some best-practice policies, challenges remain in raising employment and lowering poverty, particularly among Arab-Israeli and Ultra-orthodox households.
Israel has an impressive high-tech sector, low inflation and has weathered the downturn well but faces profound fiscal and socio-economic challenges.
Israel’s economy has shown resilience during the global recession, but more active education and employment policies – particularly targeted at minority groups – are needed to bolster its economic performance and bridge deep divisions within its society, according to the OECD.
OECD to publish Review of Israel’s Labour Market and Social Policies and its first ever Economic Survey of Israel on Wednesday 20 January
The comparatively large magnitude of the losses of the two largest banks of Switzerland in relation to capital has underscored the systemic risks to the economy posed by the institutions’ size relative to Swiss GDP and their extensive cross-border and cross-currency activities.
The Swiss National Bank took decisive action to support financial market stability and dampen the recession. In the current situation, the main challenge facing the SNB concerns the exit strategy.
The Swiss education system performs well in many important dimensions. Remaining challenges include raising education outcomes of children with modest socio-economic background. Removing barriers to higher tertiary attainment could also help raise productivity.
Renting accommodation in Switzerland is considerably more expensive than in other high income OECD countries.