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Country Economic Forecasts > Israel

  • April 2017
  • -
  • Oxford Economics
  • -
  • 8 pages

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Economic growth is expected to moderate slightly this year to 3.5%, from 3.7% for 2016. This is due to base effects after vehicle purchases were brought forward before a rise in taxation effective January 1 2017. But economic fundamentals are still strong due to expansionary policies, and the labour market remains near full employment. High frequency indicators give a positive impression for Q1, with tourist arrivals close to the 2014 peak and consumer confidence rising to a near seven-year high in March.

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