Huge surplus in January due to weak spending and strong revenues

ISRAEL - Report 10 Feb 2020 by Jonathan Katz

The fiscal deficit declined to 3.2% GDP in the LTM due to the lack of an approved budget and one-off revenues. Both business sector and consumer confidence remain elevated, suggesting steady growth into Q120. Despite BoI FX intervention of 2.9bn in January, the shekel appreciated by 1.3% against the basket of currencies.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.