Israel: Staff Report for 2013 Article IV Consultation

February 12, 2014

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Format: Chicago

Israel: Staff Report for 2013 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed November 14, 2024

Summary

This 2013 Article IV consultation highlights the moderate growth of the economy of Israel. Abstracting from the impact of new large-scale natural gas production, GDP growth is estimated to have moderated to about 2.5 percent in 2013, owing in large part to weak investment and exports. Some pickup is expected in 2014, but the underlying momentum is weaker than before. Despite notable progress, Israel’s public debt remains high, while continued housing price increases pose risks of a boom-bust cycle in the housing market. The key policy challenge is to maintain near-term growth at potential, while preventing the buildup of imbalances, strengthening resilience to shocks, and ensuring long-term sustainability.

Subject: Banking, Expenditure, Fiscal policy, Housing prices, Inflation, Prices, Public debt

Keywords: Appreciation pressure, CR, Deficit, Expenditure growth, Expenditure rule, GDP, Global, Housing prices, Inflation, Inflation expectation, ISCR, Liability positions vis-à-vis nonresident, Revenue collection

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/047
Stock No:

1ISREA2014001
ISBN:

9781475517750
ISSN:

1934-7685

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