Israel: Staff Report for the 2004 Article IV Consultation
April 18, 2005
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This 2004 Article IV Consultation highlights that Israel’s economic recovery is under way after a prolonged recession. Growth is being supported by more favorable global economic conditions, an improvement in the security situation, and appropriate policies, which have included tightening the fiscal stance and easing monetary policy. Real GDP grew by an estimated 4.3 percent in 2004, with exports and private consumption leading the way. The economy is expected to continue to strengthen, albeit at a slightly lower growth rate in 2005.
Subject: Banking, Capital markets, External debt, Financial institutions, Financial markets, Inflation, Mutual funds, Prices, Public debt, Real interest rates
Keywords: authority, budget framework, Capital markets, CR, enforcement authorities, Global, government, Inflation, inflation targeting range, investigation of Bank Hapoalim, ISCR, Mutual funds, policy, staff appraisal
Pages:
50
Volume:
2005
DOI:
Issue:
133
Series:
Country Report No. 2005/133
Stock No:
1ISREA2005001
ISBN:
9781451819564
ISSN:
1934-7685
