Israel
Israel

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2021-01-21

Total Pages: 75

ISBN-13: 1513567098

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The economic impact of the COVID-19 pandemic is unprecedented. Israel’s economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring. Uncertainty is high, mainly driven by the evolution of the pandemic, the prospects for widespread vaccine distribution, and political uncertainty.

Israel
Israel

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2015-09-16

Total Pages: 70

ISBN-13: 1513566164

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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.

Israel: 2022 Article IV Consultation-Press Release and Staff Report
Israel: 2022 Article IV Consultation-Press Release and Staff Report

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-03-21

Total Pages: 82

ISBN-13:

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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.

Israel
Israel

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2023-06-15

Total Pages: 90

ISBN-13:

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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.

Israel
Israel

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2004-06-03

Total Pages: 44

ISBN-13: 1451819536

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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.

Israel
Israel

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2017-03-28

Total Pages: 74

ISBN-13: 1475589263

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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.