Israel marked 70 years of statehood this month with ceremonies and festivities held throughout the country. There is much to celebrate as it marks seven decades of statehood but, analysts say there may also be cause for alarm. CGTN's Stephanie Freid runs us through where things stand and what lies ahead.

The celebrations are what one would expect for a country marking its 70th birthday. In Israel, there's a lot to celebrate, a robust economy driven by a 3.5% GDP growth rate, soaring international investment, Arab neighbors looking to cooperate on political and strategic levels. Ties with the US are stronger than ever but that's part of the problem. President Trump's promise to broker "the ultimate peace deal" between Israelis and Palestinians is hollow.

SHIMON SHIFFER POLITICAL ANALYST, TEL AVIV "The Trump administration, they really don't care about the future of the Palestinian face and they are not going to impose on the Israelis something that they don't want."

Israel's continued occupation of Palestinian land since 1967, an Israeli blockade of the Gaza Strip and lacking initiative for Palestinian independence is fueling anger and frustration. Palestinians are demanding solutions to decades of inequity and failed initiatives. In the Hamas-controlled Gaza Strip and throughout the West Bank, unprecedented protests are expected in mid-May. Also in mid-May the US will relocate its embassy from Tel Aviv to Jerusalem, a move stoking regional and international fury among those who say Jerusalem should be the shared capital of Israel and a future Palestinian state. Threats of military engagement and annihilation are trading back and forth between Tehran and Jerusalem as Israel vows to block Iranian influence in the region and Iran vows to protect its regional interests. Is war between Israel and Hamas, Iran, Syria, Hezbollah or all four looming?

SHIMON SHIFFER POLITICAL ANALYST, TEL AVIV "I don't think that we'll see here a disaster. Not with Iran, not with the Palestinians. We'll see here mostly the same."

At 70, with the most right-leaning government Israel has ever had, "more of the same" means economic gains for Israel, no movement towards peace, continued friction that threatens to boil over. STEPHANIE FREID, CGTN, TEL AVIV.