Additional fiscal stimulus is positive, if implemented rapidly

ISRAEL - Report 13 Jul 2020 by Jonathan Katz

The MoF launched a new fiscal aid program aimed mostly at small businesses, which will increase the fiscal deficit by 0.7% of GDP. Consumer confidence declined sharply in June due to renewed restrictions. The BoI announced a corporate bond purchasing plan of 15bn ILS. We expect June’s CPI to decline by 0.1% m/m, below market expectations of zero.

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