Israel: 2018 Article IV Consultation-Press Release and Staff Report

May 1, 2018

Preview Citation

Format: Chicago

Israel: 2018 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2018) accessed December 22, 2024

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. Yet, partly owing to the appreciation of the shekel, inflation remained below the 1–3 percent target range. House price increases slowed to below two percent as proposed tax measures deterred investor interest. Prospects for the next few years are for growth to remain around 3½ percent with inflation rising gradually.

Subject: Banking, Expenditure, Income, Inflation, Infrastructure, Labor, National accounts, Prices, Public investment and public-private partnerships (PPP)

Keywords: Banking system, Core inflation, CR, Faces challenge, Fund, Global, Growth potential, IMF staff calculation, Income, Inflation, Infrastructure, ISCR, Israel, Liability positions vis-à-vis nonresident, Potential GDP, Public investment and public-private partnerships (PPP), U.S. dollar

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/111
Stock No:

1ISREA2018001
ISBN:

9781484353301
ISSN:

1934-7685

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