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Bloomberg Ranks Israel World’s 3rd Most Stable Economy

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The Algemeiner reports: Jns.org –  A nearly nonexistent inflation rate and low unemployment have helped propel Israel to the No. 3 spot on a list of the world’s most stable and promising economies for 2016 published by the Bloomberg financial news agency.

The list named Hong Kong as the most stable economy in 2016, followed by South Korea. Denmark, Taiwan, Iceland, Japan, Switzerland, Singapore and Thailand followed Israel to round out the top 10 in the rankings.

The countries ranked lowest for stability in 2016 included Croatia, Colombia, Uruguay, Brazil, Serbia, Spain, Ukraine, Turkey — ranked fifth from last — Greece, Argentina, and South Africa. The country whose economy was rated lowest for 2016 was Venezuela, despite its rich oil resources.

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