RadheOn the face of it, Singapore’s GDP per capita is roughly the same as that of Israel. On the other hand, the Palestinian economy is larger than that of Israel and the city of Jerusalem. It is therefore possible that the two economies are complementary.
In the video above, the Israeli economist and Palestinian economist debate which of them is more likely to see a spike in prices in the near future. The Israeli economist says that Israel has a long enough lead to be able to weather a minor price spike without suffering a recession. The Palestinian economist says that Israel isn’t in a position to weather a short-term price spike.
While Israel will likely take the lead in the short term, the question is whether Israel will be able to weather the price spike, or whether the price spike will have an economic impact at all. It goes without saying that there are a lot of variables involved, but I’d be very surprised if there was any actual correlation between the two. I’d be surprised if Israel had a huge price spike, but I’d be surprised if it had a huge economic impact.
While the short term is going to be good, the long term may not be so well for Israel. There are two big factors in play here: Monetary value of the currency (in this case, the Israeli pound) and the inflation rate. The pound is a basket of currencies from around the world. It’s relatively easy to convert it to dollars, and that will help the Israelis.
The inflation rate on the Israeli pound is currently at about 14 percent, so this puts it at about 1.4 billion shekels for every single Israeli. This is actually a very large number because according to the OECD, as of 2008, the average wage was about 2.5 billion shekels, while the average salary for a professional was about 2 billion shekels.
This inflation is not directly related to any specific event. This is just a simple matter of currency rate. The inflation rate in the US is a bit higher than the inflation rate in the UK because the US dollar is basically a basket of a lot of currencies. The inflation rate for the pound is currently about 4.5 percent, compared to a global inflation rate at about 2.5 percent. This sounds like it doesn’t have much to do with inflation.
This is a simple matter of currency. The inflation rate in the US is a bit higher than the inflation rate in the UK because the US dollar is basically a basket of a lot of currencies. The inflation rate for the pound is currently about 4.5 percent, compared to a global inflation rate at about 2.5 percent. This sounds like it doesnt have much to do with inflation.
As a quick aside, we should keep in mind that inflation is actually a monetary phenomenon and not a real-world phenomenon. When we say inflation, we mean a price increase. In real life, inflation is a phenomenon where the government spends more money from the same amount of available money. In other words, a rise in the price of food is much more likely than a rise in the price of food in the real world.
The government of Singapore has been talking about a rise in the price of food for several years now, and the way the local currency is being handled is at the forefront of this. Even though they are in the middle of the biggest deflation in recent memory, the government has been using the monetary policy that works for them to try to force the inflation that will inevitably happen. This is where the price of food comes in.
A rise in the price of food in the real world is very unlikely. The only thing you’d see is a drop in the demand for food in the long run. That doesn’t change the fact that it’s extremely unlikely that the government of Singapore will raise the price of food in the near future.
