Growth in private consumption stalls

ISRAEL - Report 29 Jun 2020 by Jonathan Katz

The number of new Covid-19 infections has accelerated recently, and some restrictions are likely to be imposed. Private consumption growth stalled in the last week and is still 12% below the beginning of the year. A slow economic recovery supports steady Bank of Israel bond purchases geared towards flattening the curve. In politics, we doubt Netanyahu will move towards any significant annexation, but rather something very minimal and symbolic.

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