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Israel plans to raise debt and taxes for defense spending, US biotech secures funding after pandemic dip, EU's Covid recovery fund faces challenges, global house prices are on the rise
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- Israel plans to raise debt and taxes to double defense spending, US biotech companies experience a surge in fundraising activities after a two-year drought.
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Israel's Defense Spending and Economy Recovery
Israel plans to raise funds for defense, intending to double defense spending to support ongoing conflicts. This move comes after a significant economic slump due to warfare. The government intends to stimulate economic growth by sending reservists home and boosting consumer spending, anticipating a recovery. These measures aim to counterbalance the economic impact of increased defense spending.
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