{
  "title": "Israel: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 23, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2005-article-iv-consultation-19087",
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  "summary": "This 2005 Article IV Consultation highlights that following a strong performance in 2004, Israel’s economic expansion accelerated in 2005, supported by a relatively favorable global economic environment, an improvement in the security situation, and prudent policies. Real GDP grew at an estimated 5.",
  "sections": [
    {
      "heading": "Macroeconomic performance (2004–2005)",
      "content": "- Real GDP grew at an estimated 5.2 percent in 2005.\n- Following a strong performance in 2004, Israel’s economic expansion accelerated in 2005.\n- Growth was supported by:\n  - a relatively favorable global economic environment,\n  - an improvement in the security situation,\n  - prudent policies."
    },
    {
      "heading": "Inflation, labor market, and prices",
      "content": "- Inflation is slightly higher than a year ago, but remains in check.\n- The unemployment rate continues to fall, but remains high.\n- Subjects listed: Banking, Central bank policy rate, Expenditure, External debt, Financial services, Inflation, Prices, Public debt.\n- Keywords listed include: Central bank policy rate, February CPI, inflation target band, interest rate, interest rates in Israel, interest-rate gap."
    },
    {
      "heading": "Policy stance and structural reforms",
      "content": "- Macroeconomic policies and structural reforms of recent years have:\n  - opened up the economy,\n  - increased its competitiveness,\n  - attracted foreign investment.\n\n---\n\n Content in this bundle\n\n- cr06120\n  - cr06120 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06120 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 23, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451819595.002",
    "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:",
    "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.",
    "Macroeconomic policies and structural reforms of recent years have:",
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