BDO US & Israel Desk - Q2 Report

Coming off the significant peaks that were achieved during the previous year, major markets including the NYSE, Nasdaq and TASE continued to realize significant gains throughout March. Q2 however, with the extended Russian invasion of Ukraine, expressed a rising inflation and steep stock sell offs began eroding confidence in the economy, leading over 80% of Americans polled in a recent CNBC survey to admit believing that the US economy would likely face a recession in 2022. As of now, neither the American nor the Israeli economies are seeing a significant rise in joblessness, with the US posting only 230,000 jobless claims and Israeli tech companies focusing on laying off staff outside of Israel rather than risking the possibility of not being able to hire back top talent and harming their brands in a small market.

This is a general overview of some of the outstanding events that took place between the US and Israeli markets. It is clear from the below that despite the market drops, the 2 markets are still firmly connected. Perhaps the changing winds could be an alert for new opportunities outside of the public markets.

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