Israel: Staff Report for 2013 Article IV Consultation
IMF Staff Country Reports, February 12, 2014
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- Israel: Staff Report for 2013 Article IV Consultation
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Bibliographic details
- Published: February 12, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475517750.002
Growth outlook and recent performance
- GDP growth is estimated to have moderated to about 2.5 percent in 2013, abstracting from the impact of new large-scale natural gas production.
- Some pickup is expected in 2014, but the underlying momentum is weaker than before.
- Weak investment and weak exports are cited as large contributors to the moderation in growth in 2013.
Public debt and fiscal position
- Despite notable progress, Israel’s public debt remains high.
- The key fiscal challenge is ensuring long-term sustainability while maintaining near-term growth at potential and preventing the buildup of imbalances.
Housing market and financial stability risks
- Continued housing price increases pose risks of a boom-bust cycle in the housing market.
- Strengthening resilience to shocks is emphasized to mitigate potential housing-market-related vulnerabilities.
Policy challenges and priorities
- Maintain near-term growth at potential.
- Prevent the buildup of imbalances.
- Strengthen resilience to shocks.
- Ensure long-term sustainability of public finances.
Subject coverage and keywords (as listed)
- Subject: Banking, Expenditure, Fiscal policy, Housing prices, Inflation, Prices, Public debt
- Keywords: appreciation pressure, CR, deficit, expenditure growth, expenditure rule, GDP, Global, Housing prices, Inflation, inflation expectation, ISCR, liability positions vis-à-vis nonresident, revenue collection
Publication and document identifiers
- Publication date: February 12, 2014
- Pages: 74
- Volume: 2014
- Issue: 047
- Series: Country Report No. 2014/047
- DOI: https://doi.org/10.5089/9781475517750.002
- Stock No: 1ISREA2014001
- ISBN: 9781475517750
- ISSN: 1934-7685
International Monetary Fund, Israel: Staff Report for 2013 Article IV Consultation, February 12, 2014.
Content in this bundle
- Israel: 2013 Article IV Consultation; IMF Country Report 14/47; January 24, 2014