Israel’s economy continues to register remarkable macroeconomic and fiscal performance. Growth is strong and unemployment low and falling. With low interest rates and price stability, financial policy is prudent, and public debt is comparatively low and declining.
The Israeli economy continues to register remarkable performance, with strong growth, low and falling unemployment and sound public finances leading to the 15th consecutive year of economic expansion. Further reforms will be needed to drive down inequality and raise living standards for all Israelis, according to a new report from the OECD.
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Israel disability pension note July 2017
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This country note from Going for Growth 2017 for Israel identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Israel is a young country with still dynamic population growth, but it is already beginning to face the consequences of population ageing.
Promoting competition to enhance productivity at the firm level and resulting income and growth improvement and a lower cost of living is an important economic and social challenge in Israel.
While Israel has closed the gap in average living standards with the most advanced OECD economies, a number of challenges lie ahead to ensure growth is sustainable and inclusive.
Israel’s economy has strong fundamentals, but the country needs to address productivity, inequality and poverty if it wants to improve well-being and reduce socio-economic divides, according to the OECD’s latest Economic Survey of Israel.
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This country note from Going for Growth 2015 for Israel identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Israelis enjoy higher life expectancy and have a much younger demographic profile than most OECD countries. However, the demand for health care is expanding rapidly due to population growth and ageing.