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.
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|Size: ||11.0 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2015|
|ISBN: ||9781513568829 (DRM-PDF)|
|Read Aloud: ||not allowed|