Israel: 2018 Article IV Consultation-Press Release and Staff Report

International Monetary Fund

No 2018/111, IMF Staff Country Reports from International Monetary Fund

Abstract: Israel’s economy is growing well with inflation remaining low and the housing market cooling. Growth of about 3½ percent in 2017 helped bring unemployment below four percent in early 2018, supporting robust wage rises averaging 3¼ 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 3½ percent with inflation rising gradually.

Keywords: ISCR; CR; IMF staff calculation; fund; Israel; U.S. dollar; liability positions vis-à-vis nonresident; growth potential; potential GDP; faces challenge; core inflation; banking system; Public investment and public-private partnerships (PPP); Inflation; Infrastructure; Income; Global (search for similar items in EconPapers)
Pages: 66
Date: 2018-05-01
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