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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
In recent years Russian leaders have increasingly emphasised the importance of modernising the economy, stressing the need to reduce the dependence on oil revenues and diversify the economy. The process of accession to the OECD, which began in 2007, dovetails closely with this agenda. The accession process provides a useful opportunity to take stock of the extent to which policies and outcomes in Russia are converging on those of the OECD, identifying both progress and areas where the gaps are still large and thus where peer review and drawing on OECD experience may be particularly useful.
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12-Dec-2011
While Russia remains a relatively high-inflation economy, monetary policy has delivered a gradual decline in inflation over the past 12 years, and the policy framework is being adjusted to the new lower-inflation environment to which the country is moving.
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