Israel: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2006/120, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; balance of payments data; interest rate; authority; February CPI; current account; inflation target band; interest rates in Israel; interest-rate gap; staff appraisal; Central bank policy rate; Inflation; Global; Europe (search for similar items in EconPapers)
Pages: 50
Date: 2006-03-23
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