Since mid-March Israelis have experienced a similar, if not stricter, lockdown to most Western nations. Unemployment has skyrocketed to over 25%, and the Bank of Israel estimates the effects of Covid-19 to be costing the economy over 1.5 billion shekels (US$420mil) per day.
Many in Israel’s vaunted tech sector are concerned that the country should do more to protect a flagship industry that accounts for 40% of Israeli exports. Past lessons in government funding suggest that is exactly the wrong approach.
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