Against the background of the corona and recession crisis, Prof. Amir Yaron presented Prime Minister Netanyahu with scenarios for the coming year • All the options presented indicate a recession year • The full forecast will be presented next week

• Prime Minister Netanyahu (right) and Prof. Amir Yaron

  Photo: 

  Amos Ben Gershom, p

The Governor of the Bank of Israel, Prof. Amir Yaron, presented today in an economic discussion chaired by the Prime Minister, the latest growth forecast that the Bank of Israel is currently formulating after weighting the data on growth, employment and economic activity received in recent days. 

The emerging economic forecast presents two scenarios: One - negative growth of about 4.5% this year, in a scenario without significant deterioration in morbidity data and other significant restrictions. And the second - a negative growth of about 7% - in a scenario that assumes worsening morbidity and other significant limitations, including a closure in the last quarter.

Beyond presenting the forecast, the Governor presented an up-to-date economic picture and addressed the policy measures of the government and the Bank of Israel. 

Also present at the discussion were the Minister of Finance, Israel Katz, and the head of the National Economic Council, Prof. Avi Simhon, and members of the Roham Ministry, the Bank of Israel, and the Ministry of Finance. 

The complete forecast will be presented in full with the publication of the interest rate decision this coming Monday, when the research division's analysis work will be completed, and it will also include a reference to growth in 2021, an up-to-date deficit forecast, inflation and more.