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Israel / Inflation #26799

ABC Evening News for Wednesday, Jul 18, 1973
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(Studio) Israel suffers badly from inflated economy
REPORTER: Harry Reasoner

(Tel Aviv, Israel) Israel likes peace. Luxuries available during peace are bought despite country's income tax, one of highest in world TV's in 68% of homes. Good foreign car price astronomical. Gasoline's $.80 gallon Hsing. costs soar, but critical cement shortage exists with construction incring. daily. Tourists flow in and hsing. must be available. Mil. budget killing Israel. Without military budget, inflation would ease. Inflation to be large factor during fall elections.
REPORTER: Bill Seamans

Reasoner, Harry;
Seamans, Bill

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