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News & Events
News
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12-Dec-2011
Israel’s economy passed through the 2008 09 global downturn in relatively good shape but is now suffering alongside others. Persistent weaknesses in per capita income growth and a high rate of poverty, especially among certain communities, remain key long term challenges.
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12-Dec-2011
Israel’s financial sector, which, though it has avoided critical breakdown, has nevertheless displayed weaknesses. Corporate bond markets remain the major concern.
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12-Dec-2011
Israel has avoided the challenging fiscal situation facing a number of other OECD economies. Nevertheless, there remain sharp trade offs in fiscal policy objectives between debt reduction, spending control and tax reform, which have been heightened by pressures from the recent wave of popular protests.
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12-Dec-2011
Ensuring revenues remain on track in the longer term remains a core challenge; medium term simulations indicate it is likely that the authorities will have to take active measures to increase total revenues as a share of GDP to square their deficit and spending goals.
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12-Dec-2011
Israel’s greenhouse gas emissions and related air pollutants are largely the result of electricity production and energy use in transportation. Electricity supply is entirely domestic and generated almost entirely by hydrocarbon fuels. As a result, although energy intensity is relatively low, emissions per capita or per unit of GDP are relatively high.
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12-Dec-2011
Early signs of weakness in the Israeli housing market may presage an imminent sharper than desired decline in prices, tax settings excessively favour home ownership, and housing support schemes extend well beyond assistance to low income households.
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12-Dec-2011
In the energy sector, there is sluggish reform in electricity and concerns about competition in natural gas. Competition issues in the financial sector remain a subject of debate.
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12-Dec-2011
The economy, including the housing market, is slowing; sound financial-market supervision is important. Alleviating poverty and raising GDP per-capita, requires structural reform to education, social, housing and industry policies, including the energy sector.
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12-Dec-2011
A critical factor undermining the business climate is corruption, which various indicators confirm to be a serious burden on business in Russia. Transparency International’s Corruption Perception Index suggests that Russia is perceived to be more corrupt by far than any OECD country, and is both the most corrupt BRIICS country and the most corrupt country in Europe.
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