ISRAEL

摘要

Growth is projected to remain at 2V2 per cent in 2016 before rising to 3% in 2017. An expansionary budget and continuing low interest rates and oil prices should support domestic demand and employment. Exports have been very weak of late but should pick up with a gradual strengthening of foreign demand, albeit damped by the shekel's appreciation. Given very low inflation and highly expansionary global monetary policies, continuing the current accommodative domestic monetary policy is desirable to prevent currency appreciation. Persisting tension on the property market still needs close monitoring by the authorities. Tax cuts and increased government spending in 2016 will boost the economy in the short term but will also complicate attaining the public debt reduction objective in the medium term.