European Parliament Library

Israel :, Staff Report for 2013 Article IV Consultation

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
Table Of Contents
Cover; CONTENTS; CONTEXT; THE STATE OF THE ECONOMY AND THE OUTLOOK; POLICY CHALLENGES; A. Monetary and Exchange Rate Policies; B. Fiscal Policy: Strengthening Buffers and Credibility; C. Financial Sector Policy: How Best to Safeguard Financial Sector Stability?; D. Structural Policy: Promoting Longer-term Sustainable and Inclusive Growth; THE AUTHORITIES' VIEWS; STAFF APPRAISAL; FIGURES; 1. The Long View, 1996-2013; 2. Recent Economic Developments, 2009-13; 3. Selected Financial Indicators, 2011-14; 4. Selected Monetary Indicators, 2000-13; 5. Housing Markets, 1996-2013
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (76 p.)
Specific Material Designation
Form Of Item

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