Israel: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2005/133, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; authority; policy; staff appraisal; inflation targeting range; government; budget framework; enforcement authorities; investigation of Bank Hapoalim; Capital markets; Mutual funds; Inflation; Global (search for similar items in EconPapers)
Pages: 50
Date: 2005-04-18
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