The BoI expects growth of 6.3% this year, assuming rapid vaccination

ISRAEL - Report 11 Jan 2021 by Jonathan Katz

The BoI central forecast sees a rapid recovery following inoculation, with growth reaching 6.3% this year and 5.8% in 2022. Under this scenario, the Governor expects a reassessment of QE in the summer months. The fiscal deficit reached 11.5% in 2020, below initial expectations, on the back of stronger-than-expected tax revenues.

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