A slowdown in Israel’s technology sector has worsened in 2023, exacerbated by political turmoil, and the country may be detaching from broader trends that point to a global recovery, the state-backed Israel Innovation Authority said on Monday.
A global tech downturn began in the second half of 2022 when inflation and interest rates began to rise and supply chains faltered. In Israel, startup investment decreased by almost half and job recruiting slowed.
