Israel: Staff Report for the 2006 Article IV Consultation
IMF Staff Country Reports, January 23, 2007
Source details
- Canonical URL
- Israel: Staff Report for the 2006 Article IV Consultation
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Bibliographic details
- Published: January 23, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819625.002
Executive summary
- Strong macroeconomic conditions and sound domestic policies have significantly improved Israel’s growth performance and prospects, notwithstanding political uncertainties and the hostilities in the north during the summer of 2006.
- Inflation pressures are subdued.
- Monetary policy has been easing as of late.
- Financial soundness indicators have been recovering although some weaknesses on bank balance sheets that relate mainly to previous boom–bust cycles remain.
- For 2007, real GDP growth is forecast about 4½ percent.
Growth outlook and inflation
- Real GDP growth forecast for 2007: about 4½ percent.
- Inflation pressures: described as subdued.
- Monetary policy stance: easing as of late.
Financial sector and risks
- Financial soundness indicators: recovering.
- Remaining weaknesses: some bank balance sheet weaknesses related mainly to previous boom–bust cycles.
Contextual factors
- Political environment: political uncertainties persist.
- Security shocks: hostilities in the north during the summer of 2006 noted as a factor affecting the economy.
Subject focus areas and keywords (as listed)
- Subject: Budget planning and preparation, Fiscal policy, Government debt management, Inflation, Prices, Public debt, Public financial management (PFM)
- Keywords: Australia and New Zealand, budget deficit, Budget planning and preparation, central government budget deficit, consumer price index inflation, CR, decision process, Global, Government debt management, headline inflation, Inflation, ISCR, keeping inflation expectation, policy, policy rate, rate, rate cut
International Monetary Fund. Israel: Staff Report for the 2006 Article IV Consultation (IMF Staff Country Reports 2007, 024).