{
  "title": "Israel: Staff Report for the 2004 Article IV Consultation",
  "publication": "IMF Staff Country Reports, April 18, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2004-article-iv-consultation-18199",
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  "summary": "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",
  "sections": [
    {
      "heading": "Executive summary and outlook",
      "content": "- Israel’s economic recovery is under way after a prolonged recession.\n- Growth is being supported by:\n  - more favorable global economic conditions,\n  - an improvement in the security situation,\n  - appropriate policies, which have included tightening the fiscal stance and easing monetary policy.\n- Real GDP grew by an estimated 4.3 percent in 2004.\n- Exports and private consumption were the main growth contributors in 2004.\n- The economy is expected to continue to strengthen, albeit at a slightly lower growth rate in 2005."
    },
    {
      "heading": "Key findings and themes",
      "content": "- Macroeconomic stabilization:\n  - Fiscal stance: tightening measures were part of policy adjustments supporting recovery.\n  - Monetary policy: easing has accompanied fiscal tightening to support growth.\n- External sector:\n  - Exports played a leading role in the 2004 recovery.\n- Domestic demand:\n  - Private consumption contributed significantly to 2004 growth."
    },
    {
      "heading": "Coverage and subject areas",
      "content": "- Subjects covered in the report include:\n  - Banking, Capital markets, External debt, Financial institutions, Financial markets, Inflation, Mutual funds, Prices, Public debt, Real interest rates.\n- Keywords listed:\n  - authority, budget framework, Capital markets, CR, enforcement authorities, Global, government, Inflation, inflation targeting range, investigation of Bank Hapoalim, ISCR, Mutual funds, policy, staff appraisal.\n\n---\n\n Content in this bundle\n\n- cr05133 - Executive Summary and Supplement\n  - cr05133 - Executive Summary and Supplement (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05133 - Executive Summary and Supplement (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: April 18, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451819564.002",
    "Israel’s economic recovery is under way after a prolonged recession.",
    "Growth is being supported by:",
    "Real GDP grew by an estimated 4.3 percent in 2004.",
    "Exports and private consumption were the main growth contributors in 2004.",
    "The economy is expected to continue to strengthen, albeit at a slightly lower growth rate in 2005.",
    "Macroeconomic stabilization:",
    "External sector:",
    "Domestic demand:",
    "Subjects covered in the report include:",
    "Keywords listed:",
    "**_cr05133 - Executive Summary and Supplement**"
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