Israel: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, March 23, 2006
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- Israel: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: March 23, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819595.002
Macroeconomic performance (2004–2005)
- Real GDP grew at an estimated 5.2 percent in 2005.
- Following a strong performance in 2004, Israel’s economic expansion accelerated in 2005.
- Growth was supported by:
- a relatively favorable global economic environment,
- an improvement in the security situation,
- prudent policies.
Inflation, labor market, and prices
- Inflation is slightly higher than a year ago, but remains in check.
- The unemployment rate continues to fall, but remains high.
- Subjects listed: Banking, Central bank policy rate, Expenditure, External debt, Financial services, Inflation, Prices, Public debt.
- Keywords listed include: Central bank policy rate, February CPI, inflation target band, interest rate, interest rates in Israel, interest-rate gap.
Policy stance and structural reforms
- Macroeconomic policies and structural reforms of recent years have:
- opened up the economy,
- increased its competitiveness,
- attracted foreign investment.