Israel: 2012 Article IV Consultation: Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Israel

April 2, 2012

Preview Citation

Format: Chicago

Israel: 2012 Article IV Consultation: Staff Report; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Israel, (USA: International Monetary Fund, 2012) accessed November 22, 2024

Summary

This 2012 Article IV Consultation reports that Israel has emerged from the 2008–09 global crisis with strong economic growth, a resilient banking system, and unemployment at historic lows. Exports, at 40 percent of GDP, depend on global demand for high-technology products, such as electronics and pharmaceuticals, and communications. One-third of exports go directly to Europe, with more routed there indirectly. Given the country’s weak direct trade linkages to the region, regional tensions mainly affect Israel through security, investor and consumer confidence, and public finances.

Subject: Banking, Expenditure, Financial institutions, Fiscal policy, Housing prices, Loans, Prices, Public debt

Keywords: BOI member, Budget deficit, CR, Economic activity, Executive board discussion, Financial system, Foreign currency, Global, Holding, House price concern, Housing market, Housing prices, IMF's effort, Interest rate, ISCR, Israel's economy, Liability positions vis-à-vis nonresident, Loans, Monetary policy, Positions vis-à-vis nonresident, Rate of return, Reserve liability, SDR

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/070
Stock No:

1ISREA2012002
ISBN:

9781475502725
ISSN:

1934-7685

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