Israel Staff Report For The Article Iv Consultation

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 70 pages
File Size : 51,8 Mb
Release : 2015-09-16
Category : Business & Economics
ISBN : 9781513536057

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Israel by International Monetary Fund. European Dept. Pdf

This 2015 Article IV Consultation highlights that Israel’s economy has been doing well and near-term growth prospects are favorable. Following growth of 2.6 percent in 2014, the economy is expected to expand by about 2.5 percent in 2015 and 3–3.3 percent each year in the medium term. Employment creation has been remarkable—growing by 3.5 percent annually—and unemployment is at multi-decade lows. Inflation has been negative, but this trend reflects temporary external factors, not domestic weakness. Debt has declined to 67 percent of GDP from a peak of 94 percent of GDP in 2003 but is expected to increase for the first time since 2009, following the upward revisions to the deficit targets.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 74 pages
File Size : 47,5 Mb
Release : 2017-03-28
Category : Business & Economics
ISBN : 9781475589269

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Israel by International Monetary Fund. European Dept. Pdf

Israel is enjoying strong economic growth, estimated at 4 percent in 2016, supported by strong domestic demand—partly due to high vehicle sales ahead of a tax increase—and an export rebound. Unemployment declined to 4.4 percent in Q4 2016 and wage increases have picked up. Nonetheless, inflation remained below the 1–3 percent target range of the Bank of Israel (BOI), reflecting external factors and government measures to reduce the cost of living. The BOI has held the policy rate at 0.1 percent since February 2015 and stated that monetary policy in Israel will remain accommodative for a considerable time. Strong revenues contained the fiscal deficit to 2.1 percent of GDP in 2016 and the public debt ratio declined to 62 percent of GDP.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 90 pages
File Size : 54,9 Mb
Release : 2023-06-15
Category : Business & Economics
ISBN : 9798400246418

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Israel by International Monetary Fund. European Dept. Pdf

Following a remarkable recovery from the pandemic anchored in strong fundamentals, the outlook is for growth to slow broadly in line with potential, as inflation falls within the targeted range by end-2024. However, the risk balance is tilted to the downside, reflecting, among other things, external risks and the continued uncertainty around the proposed judicial reform.

Author : International Monetary,International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 82 pages
File Size : 50,9 Mb
Release : 2022-03-21
Category : Business & Economics
ISBN : 9798400207143

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Israel: 2022 Article IV Consultation-Press Release and Staff Report by International Monetary,International Monetary Fund. European Dept. Pdf

The Israeli economy has weathered the COVID-19 crisis exceptionally well, but risks are high. With substantial fiscal and monetary support, real GDP growth reached 8.1 percent in 2021, driven by consumption and high-tech exports. The rapid vaccination campaign boosted confidence. The outlook is positive but still subject to high uncertainty.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 74 pages
File Size : 47,6 Mb
Release : 2014-02-12
Category : Business & Economics
ISBN : 9781475517750

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Israel by International Monetary Fund. European Dept. Pdf

This 2013 Article IV Consultation highlights that Israel’s economic fundamentals has remained strong. GDP growth is solid, unemployment is low, and inflation remains firmly anchored within the 1–3 percent target range. The financial sector is in good health, and the external position is strong. On the structural front, concerted action is required to boost competition in the non-tradable sector, although it is imperative to promote the participation of Haredi and Israeli–Arab populations in the labor force to reduce poverty and inequality and bolster the economy’s long-run productive capacity.

Author : Anonim
Publisher : Unknown
Page : 58 pages
File Size : 55,7 Mb
Release : 2007
Category : Israel
ISBN : STANFORD:36105122061497

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Israel, Staff Report for the ... Article IV Consultation by Anonim Pdf

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 66 pages
File Size : 54,7 Mb
Release : 2018-05-01
Category : Business & Economics
ISBN : 9781484353301

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Israel by International Monetary Fund. European Dept. Pdf

Israel’s economy is growing well with inflation remaining low and the housing market cooling. Growth of about 31⁄2 percent in 2017 helped bring unemployment below four percent in early 2018, supporting robust wage rises averaging 31⁄4 percent. Yet, partly owing to the appreciation of the shekel, inflation remained below the 1–3 percent target range. House price increases slowed to below two percent as proposed tax measures deterred investor interest. Prospects for the next few years are for growth to remain around 31⁄2 percent with inflation rising gradually.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 44 pages
File Size : 50,7 Mb
Release : 2004-06-03
Category : Business & Economics
ISBN : 9781451819533

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Israel by International Monetary Fund Pdf

This 2003 Article IV Consultation highlights that Israel’s economy has entered a modest recovery path, after almost three years of recession. Led by external demand, real GDP is estimated to have grown 1.3 percent in 2003, despite anemic investment. Furthermore, high frequency indicators suggest that output is recovering, private consumption is growing, and tourism is rebounding. The external current account deficit continues to fall and is now close to balance. The sizable capital outflow of the last quarter of 2002 and the first quarter of 2003 has been reversed, and foreign direct investment has rebounded.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 50 pages
File Size : 50,6 Mb
Release : 2005-04-18
Category : Business & Economics
ISBN : 9781451819564

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Israel by International Monetary Fund Pdf

This 2004 Article IV Consultation highlights that Israel’s economic recovery is under way after a prolonged recession. Growth is being supported by more favorable global economic conditions, an improvement in the security situation, and appropriate policies, which have included tightening the fiscal stance and easing monetary policy. Real GDP grew by an estimated 4.3 percent in 2004, with exports and private consumption leading the way. The economy is expected to continue to strengthen, albeit at a slightly lower growth rate in 2005.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 50 pages
File Size : 51,9 Mb
Release : 2006-03-23
Category : Business & Economics
ISBN : 9781451819595

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Israel by International Monetary Fund Pdf

This 2005 Article IV Consultation highlights that following a strong performance in 2004, Israel’s economic expansion accelerated in 2005, supported by a relatively favorable global economic environment, an improvement in the security situation, and prudent policies. Real GDP grew at an estimated 5.2 percent in 2005. Inflation is slightly higher than a year ago, but remains in check. The unemployment rate continues to fall, but remains high. The macroeconomic policies and structural reforms of recent years have opened up the economy, increased its competitiveness, and attracted foreign investment.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 68 pages
File Size : 46,6 Mb
Release : 2012-04-02
Category : Business & Economics
ISBN : 9781475502725

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Israel by International Monetary Fund Pdf

This 2012 Article IV Consultation reports that Israel has emerged from the 2008–09 global crisis with strong economic growth, a resilient banking system, and unemployment at historic lows. Exports, at 40 percent of GDP, depend on global demand for high-technology products, such as electronics and pharmaceuticals, and communications. One-third of exports go directly to Europe, with more routed there indirectly. Given the country’s weak direct trade linkages to the region, regional tensions mainly affect Israel through security, investor and consumer confidence, and public finances.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 99 pages
File Size : 42,6 Mb
Release : 2010-01-27
Category : Business & Economics
ISBN : 9781451819670

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Israel by International Monetary Fund Pdf

This staff report discusses Israel’s 2009 Article IV Consultation on economic developments and policies. The economy has been shielded from the global downturn by the absence of prior housing or bank credit booms, high household savings rates, and the fact that investment goods and consumer durables are mostly imported from abroad. Safe-haven factors that have put upward pressure on the currency appear to have eased along with the global financial sector stabilization, and concerns about the excessive strength of the shekel have not entirely been put to rest.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 50 pages
File Size : 41,6 Mb
Release : 2011-01-24
Category : Business & Economics
ISBN : 9781455213832

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Israel by International Monetary Fund Pdf

Israel was mildly affected by the global recession: following a slowdown in 2009, output is projected to grow by some 4 percent in 2010, led by consumption and exports. Robust fundamentals—including sustained pre-crisis fiscal consolidation—and a swift monetary and fiscal policy response to the external downturn allowed Israel to pass through the global recession relatively unscathed. The resilience of the economy has been strengthened by the adoption of new fiscal rules capping spending and deficits.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 52 pages
File Size : 54,7 Mb
Release : 2001-08-03
Category : Business & Economics
ISBN : 9781451981599

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Israel by International Monetary Fund Pdf

The Israeli economy has seen both rapid growth and price stability, and subsequently a very sharp deceleration. The design and execution of fiscal policy have improved markedly in recent years, but further progress is needed. It is also important to make further, steady progress with the structural and institutional reform agenda to create a more efficient and flexible economy and to enhance future growth prospects. Data provision is generally adequate for surveillance purposes, though the quality of some statistics could be enhanced.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 47 pages
File Size : 40,5 Mb
Release : 2003-03-17
Category : Business & Economics
ISBN : 9781451819489

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Israel by International Monetary Fund Pdf

This 2002 Article IV Consultation highlights that the Israeli economy is in the midst of a deep recession. Waning exports and investment, combined with stagnant private consumption, led to negative growth in 2001 and 2002. The stagnation can be attributed to the burst of the technology bubble, the global slowdown, and the deterioration in the security situation. Recently, some indicators suggested that economic activity is stabilizing, but there are no signs of recovery in sight. On the structural front, the government has pushed forward a broad-based tax reform and introduced some labor market reform measures.