The Bank of Israel forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%
Data released last week by the Bank of Israel (BoI) indicate that next year will be especially hard on Israel's economy, with a negative inflation rate of -0.7%.
The BoI forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%.
According to the BoI's data only in 2011 the inflation rate will stabilize at 2.7%, within the range of the government's goal of 1%-3%.
The BoI also noted that overall inflation rate for 2008 is expected to stand at 3.7%, up 0.3% from the previous year.
BOL: negative inflation rate of -0.7% in 2009
The Bank of Israel forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%.
00:00 ,22.12.2008
BOL: negative inflation rate of -0.7% in 2009
-
Found it useful? Share
-
Share on Facebook
-
Share on X
-
Share on LinkedIn
-
Share via Email
-
Share on WhatsApp
-
Print Article
Found it useful? Share
Related
15.12.2008
Employment Ministry: Israeli employment market registers negative balance
15.12.2008
New Weight Restriction procedure issued by IAA angers foreign airlines
15.12.2008
Merrill Lynch: Israel GDP growth cut by 75% in 2009
15.12.2008
EU and Israel signed "horizontal" civil aviation agreement
15.12.2008
Gov. Tim Pawlenty in Israel leading trade mission
15.12.2008
OECD: Israel is first Middle Eastern state to sign anti-bribery convention