Macro Analysis /

Israel: BoI keeps projection for 6.3% GDP growth this year, cuts 2022 growth to 5.0%

    19 April 2021
    • Lower contraction in 2020 to result in faster closing of gaps to pre-crisis level
    • Unemployment rate seen higher both for 2021 and 2022 than in January projection
    • Inflation to cross lower end of target band by end of 2021
    • Policy rate seen at current 0.10% one year from now
    • Risks to forecast related to new resilient virus strains, economic policy of forthcoming government