IMF halves Israel’s 2024 growth forecast

The International Monetary Fund sees Israel GDP growth of just 1.6% in 2024.

The Israel Monetary Fund (IMF) today published its latest macroeconomic forecast for Israel. The IMF sees GDP growth of 1.6% in Israel this year, below the Bank of Israel’s prediction of 2% growth and almost half of the IMF’s last prediction of 3.1%. Israel’s economy grew by 2% in 2023.

The IMF sees GDP growth of 5.4% in 2025, higher than the Bank of Israel’s forecast of 5%.

The IMF forecasts that inflation in Israel will moderate to 2.4% in 2024, well within the Bank of Israel’s annual target range of 1%-3% and below the Bank of Israel’s forecast of 2.8%.

Published by Globes, Israel business news – en.globes.co.il – on April 16, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Benjamin Netanyahu and Bezalel Smotrich credit: Ronen Zvulun Reuters

 

 

The post IMF halves Israel’s 2024 growth forecast first appeared on Investorempires.com.

 

KenGen pays Sh545m private shareholders dividend | Investorempires.com

Read More | Companies KenGen pays Sh545m private shareholders dividend Friday February 16 2024 Shareholders during KenGen’s annual general meeting in Nairobi. FILE PHOTO | NMG Electricity producer KenGen has paid its private shareholders a first and final dividend of Sh0.3 per share totalling Sh545.21 million for the financial year ended June 2023. The 190,784 […]