Israel: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel
IMF Staff Country Reports, March 28, 2017
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- Israel: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel
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Bibliographic details
- Published: March 28, 2017
- Series: IMF Staff Country Reports
Key findings on recent performance
- Real GDP growth estimated at 4 percent in 2016, supported by strong domestic demand and an export rebound.
- Unemployment declined to 4.4 percent in the fourth quarter of 2016.
- Wage increases have picked up.
- 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.
Near-term outlook and projections
- Growth is expected to settle at about 3 percent.
- Inflation is likely to rise gradually, although with significant uncertainty around the timing of such a rise.
Themes and policy-relevant issues highlighted
- Banking
- Housing
- Housing prices
- Inflation
- Labor markets
Content in this bundle
- Country Report