• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Cornerstone International Group

Executive Search Firm

About Cornerstone

About Cornerstone

The Cornerstone Edge

AESC

Leadership Team

Diversity, Equity, & Inclusion

Become a Partner

Play Video

Get to know Cornerstone

Retained Executive Search

Discover

Retained Executive Search

Assessments

Specializations

Consumer / FMCG

Industrial

Non-Profit

Finance & Private Equity

Life Science & Health

More...

Find an Office

North America

Latin America

Europe / Middle East

Asia

 Find an Office

 Find a Search Consultant

Coaching / Leadership Dev

Discover

Executive Coaching Services

Leadership Development

Board & CEO Advisory Services

Assessments

Find a Coach

News / Blog

News & Blog Posts

National Outlooks

Videos

Surveys

Press Releases

Popular Blog Topics

COVID-19

diversity

leadership development

Healthcare

executive search

executive coaching

women in business

Life Science

neuroscience

vitality quotient

Latest Blog Post

What Should CEOs Consider When Facing a Shortage of Talent?

March 29, 2022
Contact
Outlooks Israel – 2021
National Outlook

Israel – 2021

Executive Search in Israel – 2021 Outlook

Israel Faces Third Lockdown

According to the Central Bureau of statistics, the two lockdowns in 2020 downsized the market by 10% during the course of the year. Inflation rate is under 1. Interest rate is close to 0% and predicted to remain at 0-0.% till end of 2021.

Even though close to two million people in Israel were already vaccinated, Israel is now in its third lockdown with all commerce, workplaces and schools closed. Israel is also approaching its fourth general elections in two years.

The recovery from the effects of COVID19 will most certainly be gradual and the decrease of 5.1% in GDP in 2020 is predicted to grow to 5.4% in 2021. The GDP decrease 7.2% in 2020 and growth if there will be future lockdowns will be 2.3%.

Unemployment was 3.9% in 2019 and rose to 22.7% in November 2020 due to restrictions of work caused by the pandemic.  It is supposed to change dramatically at the second half of 2021 with unemployment decreasing well below the 10%.  All these numbers do not apply to the High-tech and Biotech industry which is still very successful with extremely high demand, no unemployment and increasing salaries and benefits.

Work from home is very common now.  It seems that hybrid work will be common in the Next Normal and will outlast COVID-19.  This will further aggravate office rent prices that have fallen decreased 7-10%.

Contact the author: Efrat Shapira at efrat-shapira@cornerstone-group.com 

For Information on executive search in Israel visit Cornerstone Tel Aviv

22
SHARES
LinkedinFacebookTweetShareEmailPrint

Report by

Efrat - Executive Search Consultant
Efrat Shapira Cornerstone Tel Aviv

National Outlooks

  • Israel – 2021
  • Israel – 2019
  • Footer

    Areas of Specialization

    • by Industry
      • Life Science & Health
      • Financial Services PE & Family Office
      • Industrial
      • Consumer
      • Technology
      • Private Equity
      • Infrastructure & EPC
    • by Function
      • Board Directors & CEO
      • Human Resources
      • Finance and Legal
      • Agile Talent
      • Sales & Marketing
      • Operations & Supply Chain

    Quick Browse

    • Find an Office
    • Find a Consultant
    • Find a Coach

    Services

    • Retained Executive Search
    • Board & CEO Advisory
    • Executive Coaching

    About Us

    • About Cornerstone
    • The Cornerstone Edge
    • Join Cornerstone

    Switch Language

    Connect with Cornerstone

    Copyright © 2022 · Cornerstone International Group · Sitemap

    Website Development by LimeCuda

    Member-Only Portal