The rapid re-opening of Israel’s economy since February has triggered a rebound in activity that looks stronger than had been widely anticipated. In particular, the recovery in hospitality and leisure spending has been faster than that which followed previous lockdowns. That said, the pace of vaccination has fallen sharply in recent weeks which may suggest that hesitancy is becoming a bigger hurdle in the late stages of the rollout and that a full recovery in activity may take a bit longer to come through.
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