Israel Economic Snapshot
Economic Forecast Summary (December 2021)
Economic activity rebounded strongly in 2021 and GDP is projected to grow robustly by 6.3% in 2021, 4.9% in 2022 and 4% in 2023. The progressing booster vaccination campaign, a gradually recovering labour market and fading uncertainty will support domestic demand. Strong growth of high-tech services exports will continue. The recovery could be slower if the health situation deteriorates again, or the increase in inflation is stronger or more persistent than assumed in the projections. Growth could be stronger if accumulated savings are withdrawn more quickly.
More related articles...
The Importer’s Practical Guide
The process of importing to Israel includes a series of measures, which you, as an importer, should be familiar with before executing an import transaction.
Customs Release Process- All The Essential Documentation For Importers
Any imported commercial product arriving in Israel is required to complete a customs release process. We recommend that you consult a suitable professional in order
An EU approach to enhance economic security
The European Commission and the High Representative today published a Joint Communication on a European Economic Security Strategy. This Joint Communication focuses on minimising risks
Wartime macroeconomics
A fresh supply shock stemming from the war in Ukraine will deal a blow to the economic recovery from COVID-19. The energy and food sectors
Services trade liberalised in 2021
OECD Services Trade Restrictiveness Index (STRI): Policy trends up to 2022 shows that liberalisation outpaced new restrictions during the past year, as the erection of new barriers
Economic and Social Impacts and Policy Implications of the War in Ukraine
The war Russia is waging in Ukraine is a humanitarian disaster. Beyond this, the economic damage is already being felt worldwide and risks becoming increasingly