Israel: Staff Report for the 2004 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 133

Publication date: April 2005

ISBN: 9781451819564

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Finance , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , authority , policy , staff appraisal , inflation targeting range , government , budget framework , enforcement authorities , investigation of Bank Hapoalim , Capital markets , Mutual funds , Inflation , Global

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Republic of Congo : 2001 Article IV

Summary

This 2004 Article IV Consultation highlights that Israel’s economic recovery is under way after a prolonged recession. Growth is being supported by more favorable global economic conditions, an improvement in the security situation, and appropriate policies, which have included tightening the fiscal stance and easing monetary policy. Real GDP grew by an estimated 4.3 percent in 2004, with exports and private consumption leading the way. The economy is expected to continue to strengthen, albeit at a slightly lower growth rate in 2005.