The fiscal deficit is expected to reach 12% of GDP this year

ISRAEL - Report 09 Nov 2020 by Jonathan Katz

The fiscal deficit in October reached 10.1% of GDP (LTM) and is expected to increase to 12% by end-year; pressure for higher yields will continue. Economic indicators point to a gradual recovery as the second lockdown is being lifted slowly. Domestic consumption is being supported by the limited number of Israelis traveling abroad. The fly in the ointment is broad unemployment, which reached 22.7% in the first half of October.

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