Growth appears steady in Q418 at around 3%

ISRAEL - Report 28 Jan 2019 by Jonathan Katz

Several economic indicators point to steady growth in Q418 of 3%, near Israel's long term growth potential. The Bank of Israel sees the economy running at full capacity, which explains the rapid growth in imports. Nevertheless, the emphasis of policy is currently on pushing stronger inflation towards the mid-level of target. With the current inflationary environment below 1%, the recent shekel appreciation, and lower commodity prices, the next rate hike could be postponed to 2020.

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