## Israel: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel

_IMF Staff Country Reports, March 28, 2017_

## Source details

**Canonical URL:** [Israel: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel](https://www.imf.org/en/publications/cr/issues/2017/03/28/israel-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44769)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/03/28/israel-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44769/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/03/28/israel-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44769/index.json)
- [Bundle manifest](/en/publications/cr/issues/2017/03/28/israel-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44769/bundle-manifest.json)

## Bibliographic details
- Published: March 28, 2017
- Series: IMF Staff Country Reports

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### Key findings on recent performance
- Real GDP growth estimated at 4 percent in 2016, supported by strong domestic demand and an export rebound.
- Unemployment declined to 4.4 percent in the fourth quarter of 2016.
- Wage increases have picked up.
- Inflation remained below the 1–3 percent target range of the Bank of Israel, reflecting external factors and government measures to reduce the cost of living.

### Near-term outlook and projections
- Growth is expected to settle at about 3 percent.
- Inflation is likely to rise gradually, although with significant uncertainty around the timing of such a rise.

### Themes and policy-relevant issues highlighted
- Banking
- Housing
- Housing prices
- Inflation
- Labor markets

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr1775.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr1775.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/03/28/israel-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44769_