Israel: Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Israel
IMF Staff Country Reports, September 16, 2015
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- Israel: Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Israel
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Bibliographic details
- Published: September 16, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513536057.002
Overview
- The 2015 Article IV Consultation finds Israel’s economy has been doing well and near-term growth prospects are favorable.
- Following growth of 2.6 percent in 2014, the economy is expected to expand by about 2.5 percent in 2015 and 3–3.3 percent each year in the medium term.
- Debt has declined to 67 percent of GDP from a peak of 94 percent of GDP in 2003 but is expected to increase for the first time since 2009, following the upward revisions to the deficit targets.
Growth and labor markets
- Growth:
- 2014 growth: 2.6 percent.
- 2015 forecast: about 2.5 percent.
- Medium-term forecast: 3–3.3 percent each year.
- Employment and unemployment:
- Employment creation has been growing by 3.5 percent annually.
- Unemployment is at multi-decade lows.
Inflation and prices
- Inflation:
- Inflation has been negative.
- The negative inflation trend is attributed to temporary external factors, not domestic weakness.
- Subject tags related to prices: Inflation, Housing prices, year-on-year CPI inflation.
Public finances and debt
- Public debt:
- Declined to 67 percent of GDP from a peak of 94 percent of GDP in 2003.
- Expected to increase for the first time since 2009 due to upward revisions to the deficit targets.
- Fiscal policy context:
- References to deficit, draft budget, Medium-term deficit target are noted in keywords.
Key statistics and metadata extracted from the report
- Publication date: September 16, 2015
- Pages: 70
- Series: Country Report No. 2015/261
- Issue: 261
- Volume: 2015
- DOI: https://doi.org/10.5089/9781513536057.002
- ISBN: 9781513536057
- ISSN: 1934-7685
- Subjects and keywords: Banking, Corporate bonds, Expenditure, Financial institutions, Housing prices, Inflation, Labor, Labor force participation, Labor productivity, Prices; Corporate bonds, CR, deficit, draft budget, employment growth, Global, growth estimate, Housing prices, Inflation, ISCR, Labor force participation, Medium-term deficit target, year-on-year CPI inflation
IMF Staff Country Report No. 2015/261 (September 16, 2015)