{
  "title": "Israel: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel",
  "publication": "IMF Staff Country Reports, January 21, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/01/21/israel-2020-article-iv-consultation-press-release-staff-report-and-statement-by-the-50028",
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  "summary": "The economic impact of the COVID-19 pandemic is unprecedented. Israel’s economic activity recorded a historic contraction, and the outlook remains challenging, with possible long-term scarring.",
  "sections": [
    {
      "heading": "Overview and context",
      "content": "- Publication date: January 21, 2021\n- Main subject: COVID-19, Fiscal policy, Fiscal space, Loans, Public investment and public-private partnerships (PPP)\n- Keywords: CR, health crisis, ISCR, Medium-term risk, vaccination campaign, vaccination pace, vaccine distribution\n- Series and identifiers:\n  - Pages: 75\n  - Volume: 2021\n  - Issue: 020\n  - Series: Country Report No. 2021/020\n  - DOI: https://doi.org/10.5089/9781513567099.002\n  - Stock No: 1ISREA2021001\n  - ISBN: 9781513567099\n  - ISSN: 1934-7685"
    },
    {
      "heading": "Major findings and outlook",
      "content": "- The economic impact of the COVID-19 pandemic is unprecedented.\n- Israel’s economic activity recorded a historic contraction.\n- The outlook remains challenging, with possible long-term scarring.\n- Uncertainty is high, mainly driven by:\n  - the evolution of the pandemic,\n  - the prospects for widespread vaccine distribution,\n  - political uncertainty."
    },
    {
      "heading": "Implications highlighted",
      "content": "- Pandemic-related uncertainty and vaccine distribution prospects are central to near-term economic prospects.\n- Possible long-term scarring is a key risk to medium-term growth and performance.\n- Fiscal and policy considerations referenced by subject tags include fiscal policy, fiscal space, loans, and public investment and public-private partnerships (PPP)."
    },
    {
      "heading": "Publication access and formats",
      "content": "- Format referenced: IMF Staff Country Reports\n- \"Download PDF\" and additional formats noted on the page.\n\nInternational Monetary Fund. Israel: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Israel (Country Report No. 2021/020), January 21, 2021.\n\n---\n\n Content in this bundle\n\n- 1isrea2021001\n  - 1isrea2021001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1isrea2021001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 21, 2021",
    "Series: IMF Staff Country Reports",
    "Volume: 2021",
    "Pages: 75",
    "DOI: https://doi.org/10.5089/9781513567099.002",
    "Publication date: January 21, 2021",
    "Main subject: COVID-19, Fiscal policy, Fiscal space, Loans, Public investment and public-private partnerships (PPP)",
    "Keywords: CR, health crisis, ISCR, Medium-term risk, vaccination campaign, vaccination pace, vaccine distribution",
    "Series and identifiers:",
    "The economic impact of the COVID-19 pandemic is unprecedented.",
    "Israel’s economic activity recorded a historic contraction.",
    "The outlook remains challenging, with possible long-term scarring.",
    "Uncertainty is high, mainly driven by:",
    "Pandemic-related uncertainty and vaccine distribution prospects are central to near-term economic prospects.",
    "Possible long-term scarring is a key risk to medium-term growth and performance.",
    "Fiscal and policy considerations referenced by subject tags include fiscal policy, fiscal space, loans, and public investment and public-private partnerships (PPP).",
    "Format referenced: IMF Staff Country Reports",
    "\"Download PDF\" and additional formats noted on the page.",
    "**1isrea2021001**"
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