Israel: 2010 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion
January 24, 2011
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Israel was mildly affected by the global recession: following a slowdown in 2009, output is projected to grow by some 4 percent in 2010, led by consumption and exports. Robust fundamentals—including sustained pre-crisis fiscal consolidation—and a swift monetary and fiscal policy response to the external downturn allowed Israel to pass through the global recession relatively unscathed. The resilience of the economy has been strengthened by the adoption of new fiscal rules capping spending and deficits.
Subject: Banking, Budget planning and preparation, Central bank policy rate, Financial services, Housing prices, Inflation, Prices, Public debt, Public financial management (PFM)
Keywords: Budget planning and preparation, Central bank policy rate, consultation cycle, CR, Global, Housing prices, IMF's view, Inflation, ISCR, Israel, liability positions vis-à-vis nonresident, monetary policy, output gap, Q2, swift monetary policy
Pages:
50
Volume:
2011
DOI:
Issue:
021
Series:
Country Report No. 2011/021
Stock No:
1ISREA2011001
ISBN:
9781455213832
ISSN:
1934-7685
