Download or read book Israel 2022 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-21 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Israeli economy has weathered the COVID-19 crisis exceptionally well, but risks are high. With substantial fiscal and monetary support, real GDP growth reached 8.1 percent in 2021, driven by consumption and high-tech exports. The rapid vaccination campaign boosted confidence. The outlook is positive but still subject to high uncertainty.
Download or read book Israel written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-09-16 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that Israel’s economy has been doing well and near-term growth prospects are favorable. Following growth of 2.6 percent in 2014, the economy is expected to expand by about 2.5 percent in 2015 and 3–3.3 percent each year in the medium term. Employment creation has been remarkable—growing by 3.5 percent annually—and unemployment is at multi-decade lows. Inflation has been negative, but this trend reflects temporary external factors, not domestic weakness. Debt has declined to 67 percent of GDP from a peak of 94 percent of GDP in 2003 but is expected to increase for the first time since 2009, following the upward revisions to the deficit targets.
Download or read book Israel written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-06-15 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following a remarkable recovery from the pandemic anchored in strong fundamentals, the outlook is for growth to slow broadly in line with potential, as inflation falls within the targeted range by end-2024. However, the risk balance is tilted to the downside, reflecting, among other things, external risks and the continued uncertainty around the proposed judicial reform.
Download or read book Qatar 2022 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-21 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Swift and decisive policy response to the Covid-19 pandemic has helped to mitigate the health and economic impact of the crisis. Fast vaccination rollout has also strengthened the economy’s resilience to new pandemic waves, paving the way for a speedy recovery. As the economy rebounds, a gradual exit from pandemic support measures is underway.
Download or read book Israel Staff Report for the Article IV Consultation written by and published by . This book was released on 2006 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Paraguay 2022 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-21 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: After two consecutive years of GDP decline driven by external shocks, Paraguay’s economy rebounded in 2021. In 2019, drought and flooding reduced economic growth to -0.4 percent. In 2020, the impact of the pandemic on the secondary and tertiary sectors was partly compensated by a rebound of agriculture and an extensive emergency package, and GDP fell by only 0.8 percent. Growth rebounded to 4.2 percent in 2021, but heatwaves and a severe drought decelerated the recovery and have limited 2022 growth prospects, though a recovery is projected for 2023 and the medium-term. While the loss of agricultural export revenue is affecting Paraguay’s balance of payments in 2022, the external position in 2021 was stronger than the level implied by fundamentals and desirable policies.
Download or read book Canada written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2022-12-08 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada has come through the pandemic relatively well and, as a commodity exporter, has been hit less hard than many other countries have been by Russia’s war on Ukraine. Nonetheless, inflation is well above target, housing affordability is a major concern following a long boom that may now have peaked, and the pandemic remains a source of risk.
Download or read book Israel written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-05-01 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Israel’s economy is growing well with inflation remaining low and the housing market cooling. Growth of about 31⁄2 percent in 2017 helped bring unemployment below four percent in early 2018, supporting robust wage rises averaging 31⁄4 percent. Yet, partly owing to the appreciation of the shekel, inflation remained below the 1–3 percent target range. House price increases slowed to below two percent as proposed tax measures deterred investor interest. Prospects for the next few years are for growth to remain around 31⁄2 percent with inflation rising gradually.
Download or read book Belize 2022 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-05-10 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic had a severe impact on Belize in 2020, leading to a 16.7 percent contraction in real GDP and a rise in public debt to an unsustainable level of 133 percent of GDP. To address this situation, the government presented a medium-term plan to lower public debt to 85 percent of GDP in 2025 and 70 percent in 2030 by implementing fiscal consolidation, structural reforms, and debt restructuring. Significant progress towards restoring debt sustainability was made in 2021.
Download or read book Mexico written by International Monetary and published by International Monetary Fund. This book was released on 2022-11-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mexico’s economy has recovered more gradually from the pandemic than many peers. Even so, inflation has accelerated and has become more entrenched, as elsewhere. Domestic and external financial conditions tightened in the past year, while near-term growth prospects for the U.S., Mexico’s main trading partner, have weakened. The risks of capital outflows have risen. These new challenges compound Mexico’s long-standing problems of low growth and high inequality.
Download or read book Israel written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-03-28 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Israel is enjoying strong economic growth, estimated at 4 percent in 2016, supported by strong domestic demand—partly due to high vehicle sales ahead of a tax increase—and an export rebound. Unemployment declined to 4.4 percent in Q4 2016 and wage increases have picked up. Nonetheless, inflation remained below the 1–3 percent target range of the Bank of Israel (BOI), reflecting external factors and government measures to reduce the cost of living. The BOI has held the policy rate at 0.1 percent since February 2015 and stated that monetary policy in Israel will remain accommodative for a considerable time. Strong revenues contained the fiscal deficit to 2.1 percent of GDP in 2016 and the public debt ratio declined to 62 percent of GDP.
Download or read book Philippines written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2022-12-15 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new administration took office in July with a blueprint to secure an inclusive, sustainable, and green recovery. While the economy remains fundamentally sound, the new administration will face three important challenges: (1) striking the right policy mix to secure the recovery and safeguard price stability; (2) building fiscal buffers as insurance against downside risks; and (3) raising the Philippine’s long-term growth.
Download or read book New Zealand 2022 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2022-05-13 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: New Zealand’s management of the pandemic, including health policy and macroeconomic policy support, has been effective in ensuring economic recovery. Output has already recovered to above potential, the labor market is tight, and inflation has risen to above the Reserve Bank of New Zealand’s (RBNZ) target range.
Download or read book Malaysia 2022 Article IV Consultation Press Release Staff Report and Statement by the Executive Director for Malaysia written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-28 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysia’s economy is showing signs of a gradual yet steady recovery thanks to the authorities’ impressive vaccine rollout, swift and coordinated implementation of multi-pronged support measures. The recovery nevertheless remains uneven and the output gap sizeable, with significant downside risks. Going forward, the authorities should calibrate macroeconomic policies to the pace of the recovery, while preserving policy space given pandemic-related uncertainties, and simultaneously accelerate structural reforms.
Download or read book Oman written by International Monetary and published by . This book was released on 2022-11-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong policy actions helped mitigate the fallout from the COVID-19 pandemic, and the economic recovery is gaining traction, supported by revival in the hydrocarbon sector and the relaxation of social restrictions. CPI inflation has been contained thus far, partly reflecting administered prices and caps on selected fuel prices. Fiscal and external buffers have increased, supported by higher hydrocarbon revenues and substantial fiscal adjustment under the authorities' Medium-Term Fiscal Plan (MTFP). The authorities remain committed to fiscal consolidation notwithstanding oil revenue windfalls and social pressures. Financial soundness indicators appear healthy, benefiting from the strong buffers before entering the crisis and prudent central bank oversight. A broad range of structural reforms are being implemented under Oman Vision 2040. However, downside risks, notably from global sources, dominate in the short run.
Download or read book Republic of Azerbaijan 2021 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-22 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into recession. A sizeable relief package helped cushion the economic impact from this shock, and the economy has started to recover. Yet the medium-term outlook remains subdued. The long-term fiscal position is unsustainable as oil resources are expected to run out by mid-century. The authorities have laid out strategic goals of accelerated yet sustainable socio-economic development over the next decade and are developing policy plans to that end.
Download or read book Wage Growth and Inflation in Europe A Puzzle written by Vizhdan Boranova and published by International Monetary Fund. This book was released on 2019-12-20 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this paper examines the historical link between wage growth and inflation in Europe and factors that influence the strength of the passthrough from labor costs to prices. Historically, wage growth has led to higher inflation, but the impact has weakened since 2009. Empirical analysis suggests that the passthrough from wage growth to inflation is significantly lower in periods of subdued inflation and inflation expectations, greater competitive pressures, and robust corporate profitability. Thus the recent pickup in wage growth is likely to have a more muted impact on inflation than in the past.
