We expect modest GDP contraction of 3.5% this year

ISRAEL - Report 23 Nov 2020 by Jonathan Katz

We expect a modest GDP contraction of 3.5% this year and growth of 4.8% next year. Economic indicators point to further recovery, especially in manufacturing. We expect government tradeable bond issuance in 2021 to reach around 10bn ILS per month, below that of recent months.

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