1887

Assessment and recommendations

Israel’s economy passed through the 2008-09 global downturn in relatively good shape but is now suffering alongside others from the continuing effects of the renewed global crisis, and geopolitical tensions have increased. So far there have been no major failures in the financial sector or need for any extraordinary fiscal stimulus. This has helped avoid a substantial increase in public debt. Furthermore, there have been substantial new finds of offshore natural gas, which will strengthen the fiscal position, further decrease dependence on imported fuels and improve options regarding energy security. However, the low interest rates generated by the monetary-policy response to the crisis have contributed to a rapid increase in property prices, which are approaching bubble proportions.

English French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error