A new forecast from the Organization for Economic Cooperation and Development (OECD) indicates that Israel’s economic growth rate is expected to be 1.9% in 2024, resulting in a decrease in GDP per capita. However, the forecast for 2025 shows a growth rate of 4.6%, which is more pessimistic than the Bank of Israel and IMF forecasts for 2024. While the Bank of Israel anticipates 5% growth and the IMF expects 5.4% growth, both are higher than the OECD’s forecast for 2025.
In terms of inflation, the forecast is 2.5% at the end of 2024, while the discount rate is expected to be 3.75%, a decrease of 0.75%. The OECD believes that the government will be able to maintain the state budget deficit within the given limits of 6.6%.
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Overall, while there may be fluctuations in Israel’s economic growth rates over the next few years, inflation is predicted to remain relatively stable. Discussions and resources on various topics are readily available across different platforms online.
Israel’s economic outlook appears mixed as new forecast from Organization for Economic Cooperation and Development (OECD) shows that its GDP per capita will decrease due to a lower growth rate of just about 1.9% in
