Fiscal Balance in Israel
Israel - Fiscal BalanceA flash estimate for 2019 as a whole showed the economy slowed slightly compared to 2018, on weaker fixed investment and export growth, although continued to perform well relative to regional peers. While quarterly data for Q4 is not yet available, recent indicators suggest a robust outturn. Monthly economic activity growth was healthy through December, while the seasonally-adjusted unemployment rate edged down from Q3 and the manufacturing PMI averaged higher in the fourth quarter compared to the third. In politics, polls suggest the March elections will yield another inconclusive outcome, with neither of the two main blocs in Parliament able to govern alone. This would likely prolong political paralysis, hampering both long-term policymaking and reforms to rein in the fiscal deficit.
Israel - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.7||-2.1||-2.1||-2.0||-2.9|
5 years of economic forecasts for more than 30 economic indicators.
Israel Fiscal Balance Chart
Source: Central Bank of Israel.
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
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February 16, 2020
The economy expanded 4.8% in quarter-on-quarter, seasonally-adjusted annualized rate terms (qoq SAAR) in the fourth quarter, up from Q3’s revised 4.5% growth (previously reported: +4.2% qoq).
February 14, 2020
Consumer prices fell 0.4% in January over the prior month, down from December’s flat reading.
February 12, 2020
Merchandise exports fell 0.5% in January in USD terms, following December’s 2.5% decline and marking a soft start to the year after a disappointing 2019.
February 10, 2020
Confidence among Israeli households worsened from minus 7 in December to minus 9 in January, according to the Central Bank’s new survey (which has a different set of subsectors compared to the previous survey which ran until December 2019).
January 26, 2020
The Bank of Israel’s Composite State of the Economy Index rose 0.26% in December compared to the previous month in seasonally-adjusted terms, up from November’s 0.24% expansion.