Search and explore the world’s largest statistical database to find data. Knoema is the most comprehensive source of global decision-making data in the world. Agencies The United Arab Emirates - the Gulf's second largest economy - could shrink by 6.6% this year, the IMF said, against a previous forecast of a 3.5% contraction. ... Israel - Economic Forecasts - 2020-2022 Outlook. It provides in-depth coverage of the main economic issues and the policy measures required to foster growth in each member country. In an accompanying research staff forecast, the Israeli central bank’s economists said they see output contracting 5.3% this year with a policy interest rate between 0% and 0.1% at the end of 2020. Netherlands. Norway. New Zealand. U.K. Clears Pfizer Covid Vaccine for First Shots Next Week, NYC Outbreak Accelerates; New Jersey Hits Record: Virus Update, U.S. Covid Cases Found as Early as December 2019, Says Study, The Best Car I Drove in 2020—Plus Eight Runners-Up, Morgan Stanley’s Wilson Says Stocks Overbought, Risk Correction, Private consumption fell roughly 20%; exports held up best of any segment with a quarterly drop of just under 6%, while imports plummeted about 28% in the quarter, The Israeli government imposed relatively stringent restrictions on movement and business from March to combat the spread of the coronavirus outbreak, but the economy is now showing signs of recovery as the lockdown lifts, Although central bank officials previously forecast a contraction of 5.3% this year, some analysts expect them to publish a revised outlook alongside their interest rate decision later Monday, which could show a more upbeat view given the relatively quick rebound, Before the outbreak, private consumption and trade had led the Israeli economy to 30 consecutive quarters of growth and output was expected to converge to around potential of a roughly 3% expansion this year, The Bank of Israel is expected to hold it key rate steady on Monday after playing. As Coronavirus Stages Comeback in Israel, Economists’ Outlook Darkens ; Worst of Israel's Economic Fallout From Coronavirus Is Yet to Come ; Israel’s Bleak Future in a Permanent Coronavirus Economy ; Expectations in the construction, retail, wholesale and services sectors worsened across the board as well. Listed below are items related to Israel. That is somewhat of an understatement given the size and scope of the changes in the Fed’s economic projections for the near future. ... Economic Outlook No 107 - June 2020 Double Hit Scenario. The median Fed official projection for Gross Domestic Product in 2020 went from a 6.5 percent contraction at the June FOMC meeting to … Integrate your data with the world’s data in a personalized and collaborative environment, purpose-built to support your organizational objectives. An Iron Dome anti-missile system is seen near the border area between Israel and Syria, in the Israeli-occupied Golan Heights November 18, 2020. The information about original data source is available only to Professional users. ... on Economic Outlook. As infection rates surged in the summer after Israel exited a first economic lockdown imposed in the spring to curb the coronavirus spread, the government imposed a second national lockdown from mid-September to mid-October over the Jewish holiday period. The OECD Economic Outlook analyses the major economic trends over the coming 2 years. Israel’s economy started 2020 with its worst quarter in at least 25 years, after a near total economic shutdown at … Looking ahead to 2020, global growth is still slowing, but the case for a rebound is building and the synchronized easing by 23 central banks has taken place since mid-2019 supports a recovery in global activity in the first half of 2020. ... Economic Outlook No 95 - May 2014 - Long-term baseline projections. Expansionary fiscal policy and low interest rates will boost domestic demand.The current account will nevertheless remain in small surplus. Japan. Follow us @middleeast for more news on the region. Inflation will rise towards the centre of the Bank of Israel’s target range. Thus, besides OECD and the OECD euro area, the following new regions are available: Dynamic Asian Economies (Chinese Taipei, Hong Kong, Malaysia, the Philippines, Singapore, Thailand, Vietnam); Oil Producers (Azerbaijan, Kazakhstan, Turkmenistan, Brunei, Timor-Leste, Bahrain, Iran, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates, Yemen, Ecuador, Trinidad and Tobago, Venezuela, Algeria, Angola, Chad, Rep. of Congo, Equatorial Guinea, Gabon, Nigeria, Sudan); with the remaining countries in a residual 'Rest of the World' group. This page has economic forecasts for Israel including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Israel economy. Before it's here, it's on the Bloomberg Terminal. JERUSALEM (AP) — The Palestinian economy is expected to contract by about 8% in 2020 as it copes with the effects of the coronavirus pandemic, an already struggling economy and a political standoff with Israel, the World Bank said in a report Tuesday. Korea. Our website uses cookies to improve your online experience. They were placed on your computer when you launched this website. Global Growth Breaks in underlying series are corrected as far as possible. Last year, sales of Israeli companies hit 23 billion USD, and the pace of foreign investment was brisk. A man walks across a closed highway during lockdown in Bnei Brak, Israel, on April 6. The global economy appears headed for a rebound in the third quarter after the first recession in more than 11 years Q3 2020 Economic Outlook: Global economy heading for a … (212) 419-8286 Economic Outlook No 107 - June 2020 – Double-hit scenario. Israel's jobless rate jumped during the Covid-19 shutdown, Sources: Central Bureau of Statistics, Israeli Employment Service. The database contains annual data (for all variables) and quarterly figures (for a subset of variables). Access Economic Policy Reforms: Going for Growth, Report Special Report on Assessing incentives to reduce traffic congestion in Israel (December 2019) Traffic congestion is a major problem in Israel. Israel’s economy started 2020 with its worst quarter in at least 25 years, after a near total economic shutdown at home and abroad amid the coronavirus pandemic hammered private consumption. Its major imports include crude oil, grains, raw materials, and military equipment. Concerning the aggregation of world trade, a new composition has been introduced, since projections are now made for the major non-OECD economies. (November 22, 2020 / Israel Hayom) The International Monetary Fund over the weekend said Israel’s economy has an excellent chance of making a quick recovery from the recession triggered by the global coronavirus pandemic, but urged the government to exercise prudent fiscal policies in the wake of the economic crunch.. ISRAEL* Strong growth is projected to continue, but to cool slightly through 2020. Economic outlook seen brightening but dangers remain ... Dec. 1, 2020. Mexico. This, together with monetary policies and the resilience stemming from Israel’s tech sector, has caused real output to contract “less than in other … Nevertheless, an international comparison published by the Central Bureau of Statistics shows that the negative impact on the Israel economy of the coronavirus pandemic in the first nine months of 2020 was relatively low. In 2020, 0.9 percent of the employees in Israel were active in the agricultural sector, 16.82 percent in industry and 82.28 percent in the service sector. The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook, an improvement over a 5.2% contraction predicted in June. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Israel: Economy grows at fastest pace on record in Q3 November 16, 2020 Economic activity rebounded in the third quarter, with GDP expanding 37.9% in seasonally-adjusted annualized terms (SAAR), contrasting the 29.8% contraction logged in the second quarter and significantly outpacing market expectations. EO By Subject (GDP, Unemployment...) By country. COVID-19 remains front of mind for investors and occupiers, despite the recovery in global economic activity that began in May. Real estate activity remains subdued because investors need more certainty about the sustainability of economic growth and … It provides in-depth coverage of the main economic issues and the policy measures required to foster growth in each member country. That was better than all but one estimate in a Bloomberg survey of seven analysts, whose median was for a decline of 13%. The fiscal deficit will fall but remain high, and GDP will recover only slowly as coronavirus-related disruptions hurt global demand in 2021, and growth will rise strongly thereafter. Gross domestic product contracted a seasonally adjusted, annualized 7.1% in the first three months of the year, for the first quarterly contraction since 2012, according to the Central Bureau of Statistics. Have a confidential tip for our reporters? You can change your personal cookie settings through your internet browser settings. Each edition of the Outlook provides a unique resource to keep abreast of world economic developments. Israel. World Economic Outlook; Global Financial Stability Report; Fiscal Monitor; External Sector Report; Regional Economic Reports; ... 2017. The OECD Economic Outlook database is a comprehensive and consistent macroeconomic database of the OECD economies, covering expenditures, foreign trade, output, labour markets, interest and exchange rates, balance of payments, and government debt. Luxembourg. Variables are defined in such a way that they are as homogenous as possible for the countries covered. Page last updated on January 27, 2020 Economy - overview: Israel has a technologically advanced free market economy. The description is composed by our digital data assistant. Poland. Forthcoming developments in major non-OECD economies are also evaluated in detail. Select at least one time series to view other relevant data. Israel 2020: A Strategic Vision for Economic Development ... Israel's economic performance over the past decade has been impressive. For the non-OECD regions, foreign trade and current account series are available. 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