Private consumption rebounds in November

ISRAEL - Report 07 Dec 2020 by Jonathan Katz

* The fiscal deficit reached 11.1% GDP in the LTM; we expect a deficit of 11.8% this year.

* Private consumption indicators point to a strong rebound in November, and consumer confidence has improved modestly as well.

* Total disposable income (including government support) of workers actually increased slightly this year.

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