Cover IMF Staff Country Reports
Israel: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 075
Language:
English
Publication Date:
28 Mar 2017
DOI:
https://doi.org/10.5089/9781475589269.002
ISBN:
9781475589269
ISSN:
1934-7685
Pages:
74
Keywords:
ISCR; CR; debt ratio; labor market; IMF staff calculation; Israel; economy
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This 2017 Article IV Consultation highlights the sound economic growth enjoyed by Israel, estimated at 4 percent in 2016 and supported by strong domestic demand and an export rebound. Unemployment declined to 4.4 percent in the fourth quarter of 2016, and wage increases have picked up. Nonetheless, inflation remained below the 1–3 percent target range of the Bank of Israel, reflecting external factors and government measures to reduce the cost of living. Israel’s near-term economic outlook is positive. Growth is expected to settle at about 3 percent, and inflation is likely to rise gradually, although with significant uncertainty around the timing of such a rise.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2017: Issue 075