GDP contraction in Q2 likely to be moderate

ISRAEL - Report 03 Aug 2020 by Jonathan Katz

Recent economic indicators (such as credit card purchases) point to fairly steady economic activity in July. Unemployment drifted slightly higher in the first two weeks of July, to 12.3% (less than expectations). GDP contraction in Q220 is likely to be more modest than other DMs, due to strong high-tech service exports, a net positive trade balance, and a net negative tourism account (Israelis staying home are consuming domestically).

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.