## Israel: Staff Report for the 2005 Article IV Consultation

_IMF Staff Country Reports, March 23, 2006_

## Source details

**Canonical URL:** [Israel: Staff Report for the 2005 Article IV Consultation](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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## Bibliographic details
- Published: March 23, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819595.002

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### 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.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/israel-staff-report-for-the-2005-article-iv-consultation-19087_