Business
The capital market in Israel
IMF: Israel's GDP will shrink by 5.9% in 2020
The International Monetary Fund expects that the contraction in GDP in Israel this year will be slightly sharper than the average in developed economies, which is forecast to be 5.8%. In June, the Fund expected a contraction of 6.3% in the Israeli economy
Tags
IMF
Globes
Tuesday, 13 October 2020, 16:03
Share on Facebook
Share on WhatsApp
Share on general
Share on general
Share on Twitter
Share on Email
0 comments
Prime Minister Benjamin Netanyahu announces closure, September 13, 2020 (Photo: Reuters)
The International Monetary Fund forecasts that Israel's gross domestic product will contract by 5.9% in 2020, a slightly sharper-than-average decline in developed economies, which is forecast to be 5.8%.
This is an upward update compared to the June forecast, which expected that Israeli GDP would shrink by 6.3% this year. The
fund expects that next year GDP in Israel will grow by 4.9%, slightly less than the previous forecast of 5%.
According to the forecast, in an annual comparison, GDP in the fourth quarter of 2020 is expected to shrink by 7.7% compared to the last quarter of 2019.
More on Walla!
NEWS
Who exactly are workers' organizations helping?
The other side of the association
To the full article
The fund has revised up its global GDP forecast, but warns that the economy "remains prone to obstacles." The forecast predicts a global contraction in GDP of 4.4% in 2020, compared to the June forecast of 4.9%. 2021 and that local infection will plummet all over the world by the end of 2022.
In the eurozone GDP is expected to shrink by 8.3% this year and in the US by 4.3%. The sharpest contraction in GDP in Europe is expected in Spain, minus 12.6%, in Italy, where Fund contraction of 10.6% and in Portugal with 10%.
In Germany, the fund expects GDP to shrink by 6%.
Share on Facebook
Share on WhatsApp
Share on general
Share on general
Share on Twitter
Share on Email
0 comments
