• Sat. May 18th, 2024

IMF and OECD have differing views on Israeli economy

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May 3, 2024

According to a new forecast from the Organization for Economic Cooperation and Development, Israel’s economic growth rate is projected to be 1.9% in 2024 and 4.6% in 2025. This forecast indicates a decrease in GDP per capita. The forecast for 2024 aligns closely with predictions from the Bank of Israel and the IMF, while the forecast for 2025 is more pessimistic compared to estimates from the Bank of Israel and the IMF.

In addition to economic growth, the OECD also predicts an inflation rate of 2.5% at the end of 2024 and a discount rate of 3.75%, representing a decrease of 0.75%. Despite these projections, the OECD believes that the government will be able to maintain the state budget deficit within the established limits of 6.6%.

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Overall, the economic forecast for Israel suggests a challenging road ahead, but with the right strategies and measures in place, there is optimism that the country can navigate through these uncertainties.

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