{
  "title": "Israel: 2018 Article IV Consultation-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, May 1, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/05/01/israel-2018-article-iv-consultation-press-release-and-staff-report-45827",
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  "summary": "Israel’s economy is growing well with inflation remaining low and the housing market cooling. Growth of about 3½ percent in 2017 helped bring unemployment below four percent in early 2018, supporting robust wage rises averaging 3¼ percent.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Israel’s economy is growing well with inflation remaining low and the housing market cooling.\n- Prospects for the next few years are for growth to remain around 3½ percent with inflation rising gradually."
    },
    {
      "heading": "Economic performance and outlook",
      "content": "- Growth of about 3½ percent in 2017.\n- Prospects: growth to remain around 3½ percent in the next few years.\n- Inflation: expected to rise gradually but remained below the 1–3 percent target range as of early 2018."
    },
    {
      "heading": "Labor market and wages",
      "content": "- Unemployment was brought below four percent in early 2018.\n- Wage growth: robust wage rises averaging 3¼ percent."
    },
    {
      "heading": "Inflation and exchange rate",
      "content": "- Inflation remained below the 1–3 percent target range.\n- Partly owing to the appreciation of the shekel, inflation stayed low."
    },
    {
      "heading": "Housing market",
      "content": "- House price increases slowed to below two percent.\n- Slowdown attributed to proposed tax measures deterring investor interest."
    },
    {
      "heading": "Key statistics",
      "content": "- Growth (2017): 3½ percent\n- Unemployment: below four percent (early 2018)\n- Wage rises: averaging 3¼ percent\n- Inflation target range: 1–3 percent\n- House price increase: below two percent\n\nSource: Israel: 2018 Article IV Consultation-Press Release and Staff Report (May 1, 2018).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: May 1, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484353301.002",
    "Israel’s economy is growing well with inflation remaining low and the housing market cooling.",
    "Prospects for the next few years are for growth to remain around 3½ percent with inflation rising gradually.",
    "Growth of about 3½ percent in 2017.",
    "Prospects: growth to remain around 3½ percent in the next few years.",
    "Unemployment was brought below four percent in early 2018.",
    "Wage growth: robust wage rises averaging 3¼ percent.",
    "Partly owing to the appreciation of the shekel, inflation stayed low.",
    "House price increases slowed to below two percent.",
    "Slowdown attributed to proposed tax measures deterring investor interest.",
    "Growth (2017): 3½ percent",
    "Unemployment: below four percent (early 2018)",
    "Wage rises: averaging 3¼ percent",
    "House price increase: below two percent",
    "**Country Report**"
  ],
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