Israel: 2010 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion

Author: International Monetary Fund

Volume/Issue: Volume 2011 Issue 021

Publication date: January 2011

ISBN: 9781455213832

$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 , Inflation , Public Finance , Business and Economics - Statistics , ISCR , CR , monetary policy , Israel , Q2 , liability positions vis-à-vis nonresident , swift monetary policy , output gap , consultation cycle , IMF's view , Central bank policy rate , Inflation , Budget planning and preparation , Housing prices , Global

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Republic of Congo : 2001 Article IV

Summary

Israel was mildly affected by the global recession: following a slowdown in 2009, output is projected to grow by some 4 percent in 2010, led by consumption and exports. Robust fundamentals—including sustained pre-crisis fiscal consolidation—and a swift monetary and fiscal policy response to the external downturn allowed Israel to pass through the global recession relatively unscathed. The resilience of the economy has been strengthened by the adoption of new fiscal rules capping spending and deficits.