Editing Economy of Israel (section)

===2023 Israeli judicial reform===
Following the [[2023 Israeli judicial reform]], banks in the country experienced a significant surge in fund withdrawals, occurring at a rate ten times higher than normal. Executives warned that these political changes could adversely affect the economy, resulting in a decline in the shekel's value and a loss of investor confidence.<ref name="Obel">{{Cite web |last=Obel |first=Ash |title=Report: Bank officials believe $4 billion moved out of Israel in recent weeks |url=https://www.timesofisrael.com/report-bank-officials-believe-4-billion-moved-out-of-israel-in-recent-weeks/ |access-date=2023-02-21 |website=The Times of Israel}}</ref> A report from The Times of Israel on March 5, 2023, noted that as the shekel depreciated against the dollar and euro,<ref name=":14">{{Cite news |last1=Lubell |first1=Maayan |last2=Scheer |first2=Steven |date=2023-02-21 |title=Israel shekel nears 3-year low as judicial overhaul spooks investors |work=Reuters |url=https://www.reuters.com/world/middle-east/israel-finance-minister-smotrich-vows-cenbank-independence-2023-02-21/ |access-date=2023-02-21}}</ref><ref>{{Cite news |date=2023-02-21 |title=Shekel weakest for three years against US dollar |work=Globes |url=https://en.globes.co.il/en/article-shekel-weakest-for-three-years-against-us-dollar-1001438962 |access-date=2023-02-21}}</ref> the Tel Aviv Stock Exchange fell compared to stock markets in the EU and the US.<ref>{{cite web |last1=Scheer and Lubell |first1=Steven and Maayan |title=Tel Aviv shares drop amid Netanyahu judiciary plans, rising violence |url=https://www.reuters.com/world/middle-east/tel-aviv-shares-drop-amid-netanyahu-judiciary-plans-rising-violence-2023-01-29/ |website=reuters |date=29 January 2023}}</ref> Numerous companies, particularly in the technology sector, have withdrawn their investments from Israel, leading to an outflow of over $4 billion in just a few weeks.<ref name="Obel">{{Cite web |last=Obel |first=Ash |title=Report: Bank officials believe $4 billion moved out of Israel in recent weeks |url=https://www.timesofisrael.com/report-bank-officials-believe-4-billion-moved-out-of-israel-in-recent-weeks/ |access-date=2023-02-21 |website=The Times of Israel}}</ref>