Israel: Staff Report for the 2005 Article IV Consultation

Publication Date:

March 23, 2006

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2006/120

Subject:

English

Publication Date:

March 23, 2006

ISBN/ISSN:

9781451819595/1934-7685

Stock No:

1ISREA2006001

Pages:

50

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