GDP growth likely to reach nearly 7% this year

ISRAEL - Report 23 Aug 2021 by Jonathan Katz

* Robust GDP numbers in the 2nd quarter and an upward revision to the 1st quarter reflect a strong economic recovery, less supportive of monetary accommodation.

* Job vacancies continue to move higher despite strong employment growth.

* Consumer confidence has weakened on concerns regarding another closure, although the slowing growth in infections makes this possibility less likely.

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