Bank of Israel Finds Link Between Emigration, Economic Stagnation

The Bank of Israel has cited yerida–the emigration of Israelis to live permanently abroad–as a factor for economic stagnation and the decline of population growth.

In a report published Sunday, the country’s central bank noted that the annual population growth in the past two years was 1.5 percent compared to an average 1.9 percent in the years 1981-84 and 2.3 percent in the years 1975-80.

In 1985, about 11,000 immigrants arrived in Israel. In 1986, the figure was 10,500, the lowest since 1953.

There will be no Daily News Bulletin dated June 4 because the JTA office will be closed June 3 for Shavuoth.

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