OECD Economic Outlook, Volume 2022 Issue 1
The war in Ukraine is a major humanitarian crisis with associated economic shocks that threaten the post-pandemic recovery. The OECD Economic Outlook, Volume 2022 Issue 1, highlights the implications and risks for growth, inflation and living standards from higher commodity prices and potential disruptions to energy and food supplies, and discusses the associated policy challenges.
This issue includes a general assessment of the macro-economic situation and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD Members as well as for selected partner economies.
Israel
GDP is projected to grow by 4.8% in 2022 and 3.4% in 2023. The strength of the high-tech sector will continue, with exports and investment growing at a robust, albeit more moderate, pace. The strong labour market recovery will support consumption growth. Inflation should gradually slow but slightly exceed the upper bound of central bank’s target range in 2023. Risks are skewed to the downside, related to a prolonged war in Ukraine, new strains of the corona virus, internal political uncertainty and an intensification of security incidents.
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