Israel: Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel

International Monetary Fund

No 2015/261, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; year-on-year CPI inflation; Medium-term deficit target; deficit; draft budget; employment growth; growth estimate; Inflation; Housing prices; Labor force participation; Corporate bonds; Global (search for similar items in EconPapers)
Pages: 70
Date: 2015-09-16
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