Israel: Staff Report for the 2005 Article IV Consultation

March 23, 2006

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Format: Chicago

Israel: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed September 20, 2024

Summary

This 2005 Article IV Consultation highlights that following a strong performance in 2004, Israel’s economic expansion accelerated in 2005, supported by a relatively favorable global economic environment, an improvement in the security situation, and prudent policies. Real GDP grew at an estimated 5.2 percent in 2005. Inflation is slightly higher than a year ago, but remains in check. The unemployment rate continues to fall, but remains high. The macroeconomic policies and structural reforms of recent years have opened up the economy, increased its competitiveness, and attracted foreign investment.

Subject: Banking, Central bank policy rate, Expenditure, External debt, Financial services, Inflation, Prices, Public debt

Keywords: Authority, Balance of payments data, Central bank policy rate, CR, Current account, Europe, February CPI, Global, Inflation, Inflation target band, Interest rate, Interest rates in Israel, Interest-rate gap, ISCR, Staff appraisal

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/120
Stock No:

1ISREA2006001
ISBN:

9781451819595
ISSN:

1934-7685

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