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Israel

Macro View

Markets

Geostrategic & Long Term Issues

Key Indicators

National Accounts
Gross Domestic Product
(Millions of 2004 Israeli Shekels, SA Chained Data)
172635.1,173060.8,173941.5,176244.5,178227.8 178,227.8
Consumer Price Index
General Index
(2008=100, SA)
105.3,105.3,105.5,105.9,105.8 105.8
Share Price Index
Israel - TA 100 Index
(Index, NSA)
1032.19,1038.49,1032.62,1029.5,1032.28 1,032.28
Balance of Payments
Current Account Balances - Current balance
(Mil. $, NSA)
2528.7,2195.4,229.1,3335.7,2108.7 2,108.7
Labor Force Survey
Unemployment Rate
(%, Trend)
7.6,7.6,7.3,6.9,6.9 6.9
data by Moody's

RGE's Q3 2010 Israel Outlook

RGE expects a modest but not a sharp slowdown, as Israel’s balance sheet is strong, its financial institutions well-placed and its corporates profitable. Consensus is heading down in line with RGE’s views, but government estimates continue to expect a slightly stronger growth rate. With external demand uncertain, domestic demand—especially consumption—will be the main growth driver, slightly outstripping the overall growth rate to grow 3.6%.

Read the Q3 2010 Israel Outlook

RGE Analysis

CROSS ASSET MONTHLY

Commodities: No Pain, No Grain

Shelley Goldberg Aug 31, 2010

MENA Focus: Grasping for a New Normal for MENA Credit

By Rachel Ziemba, Ayah El Said and Maya Rusinowicz Aug 4, 2010

MENA Focus: Impact of the Eurozone Debt Crisis

By Ayah El Said and Rachel Ziemba Jul 26, 2010

GLOBAL ECONOMIC OUTLOOK

Middle East and North Africa (MENA): Q3 2010 Outlook

By Ayah El Said and Rachel Ziemba Jul 10, 2010

GLOBAL ECONOMIC OUTLOOK

Israel: Q3 2010 Outlook

By Rachel Ziemba and Ayah El Said Jul 10, 2010

EZ Rescue Response: Serious at Last?

By Elisa Parisi-Capone, Natalia Gurushina, Arnab Das and Nouriel Roubini May 10, 2010

GLOBAL ECONOMIC OUTLOOK

Israel: Q2 2010 Outlook

By Rachel Ziemba and Ayah El-Said Apr 12, 2010

GLOBAL ECONOMIC OUTLOOK

Israel: Q1 2010 Outlook

By Rachel Ziemba and Ayah El-Said Jan 30, 2010

The Greece Dilemma: Sovereign Debts Imperiling the Euro and Challenging EU Ties

By Arnab Das, Elisa Parisi-Capone and Natalia Gurushina Jan 19, 2010

Israel Economic Outlook, Q4 2009

Ayah El-Said Oct 7, 2009

Israel Economic Outlook, Q3 2009

Ayah El-Said Jul 24, 2009

EconoMonitors

Nouriel Roubini's EconoMonitor

A Global Tsunami

Nouriel Roubini, Camilla Webster and Shai Baitel Apr 22, 2010

Global Macro EconoMonitor

The End of the Beginning

Ajay Shah Aug 25, 2009

Daily Digest

News

Israel's Huge Oil and Gas Discovery

Seeking Alpha  Ian Cooper Sep 02, 2010

News

Netanyahu Says Mideast Peace Will Require `Mutual and Painful' Concessions

Bloomberg  Flavia Krause-Jackson and Nicole Gaouette Sep 02, 2010

Opinions

Middle East Talks: a Success for Obama but what Chance of Real Progress?

Chatham House  Yossi Mekelberg Sep 01, 2010

Analysis

Middle East politics: Netanyahu's gift

Economist Intelligence Unit  Sep 01, 2010

News

MENA: Leaders urge focus on two-state opportunity in peace talks

The National  Matt Bradley Sep 02, 2010

News

West Bank Shooting of Israelis Underscores Security Needs, Netanyahu Says

Bloomberg  Gwen Ackerman and Calev Ben-David Sep 01, 2010

Opinions

Israel and Palestine: Go regional

Carnegie Endowment for International Peace  Marwan Muasher Aug 25, 2010

Opinions

The president and the peace process

Economist  Aug 26, 2010

Analysis

If Israel Attacks

Brookings Institution  Bruce Riedel Aug 24, 2010

Analysis

The Daunting Prospects for Mideast Talks

Council on Foreign Relations  Robert Danin Aug 20, 2010

Analysis

Israel economy: Quick View - Recovery gains momentum

Economist Intelligence Unit  Aug 19, 2010

Analysis

Israel: A positive surprise in second quarter economic growth

Bank Leumi  Eyal Raz Aug 18, 2010

Analysis

Palestinian-Israeli Direct Talks: The Case for a Regional Approach

Carnegie Endowment for International Peace  Marwan Muasher Aug 24, 2010

News

Fischer Holds Israel's Benchmark Rate at 1.75 Percent as Inflation Slows

Bloomberg  Alisa Odenheimer Aug 23, 2010

Opinions

Mideast talks - ambitious goal

Arab News  Aug 22, 2010

News

Israel: Interest rate seen unchanged for September

Globes  Adrian Filut Aug 23, 2010

News

World powers aim to open Mideast talks next month

Reuters  Jeff Mason and Douglas Hamilton Aug 20, 2010

News

Israelis and Palestinians to Resume Talks, Officials Say

The New York Times  Mark Landler Aug 20, 2010

Analysis

EMEA Weekly: Will Stanley Fischer regret his hikes?

Danske Bank  Aug 20, 2010

Analysis

Israel Economic Growth Unexpectedly Accelerates to Fastest Pace Since 2008

Bloomberg  Gwen Ackerman Aug 19, 2010

News

Israeli Settlements Said to Delay Start of Direct Peace Talks

Bloomberg  Flavia Krause-Jackson and Peter S. Green Aug 18, 2010

Analysis

Israel: Inflation Temporarily Down While Robust Growth Continues

Morgan Stanley  Tevfik Aksoy Aug 18, 2010

Analysis

An Israeli Strike: The Point of No Return

The Atlantic  Jeffrey Goldberg September 2010

Analysis

Israel: Economy grew at 4.7% in second quarter

Globes  Adrian Filut Aug 17, 2010

Analysis

Israel: The narrow trading range of the exchange rate

Bank Leumi  Aug 11, 2010

News

Israel: "Direct talks" no Mideast miracle cure

Reuters  Douglas Hamilton Aug 13, 2010

News

Qatar: QIA ties up with Israeli conglomerate to create fund

Financial Times  James Drummond Aug 12, 2010

Analysis

Israel: The speed of expansion has slowed

Bank Hapoalim  Aug 04, 2010

Analysis

Israel: The majority of capital inflows are short term

Bank Leumi  Aug 08, 2010

Analysis

Israel: Inflation Report April - June 2010

Bank of Israel  August 2010

Analysis

Lebanon and Israel: If only it was just about trees

The Economist  Aug 05, 2010

News

Israel: A not very secular shift

Financial Times  Tobias Buck Aug 04, 2010

News

Israel, Lebanon Seek to Ease Border Tensions at UN Meeting After Clashes

Bloomberg  Calev Ben-David and Nayla Razzouk Aug 05, 2010

News

Deadly Israel-Lebanon border clash

BBC News  Aug 03, 2010

News

Blasts hit Israeli and Jordanian ports

Financial Times  Tobias Buck Aug 02, 2010

Analysis

Iran: The Course is Almost Run

INSS  Ephraim Asculai and Emily B. Landau Jul 30, 2010

Analysis

EM Country Briefing: Turkey versus Israel: Monetary policy stances diverge

Commerzbank  Tatha Ghose Jul 29, 2010

News

Israel: Banks need to cut costs to stay profitable, regulator says

The Jerusalem Post  Sharon Wrobel Jul 27, 2010

Analysis

Hizballah Takes Aim At Israel's Natural Gas Discovery

Journal of Energy Security  Gal Luft Jul 26, 2010

Analysis

Israel economy: Quick View - Inflation well within target

Economist Intelligence Unit  Jul 22, 2010

Analysis

Israel:Fischer expected to leave interest rate unchanged

Globes  Adrian Filut Jul 26, 2010

Analysis

Might Avigdor Lieberman go?

Economist  Jul 22, 2010

News

Bank of Israel sees weak building sector

Globes  Koby Yeshayahou Jul 21, 2010

News

Israel: Union Bank unit calls for interest rate hike

Globes  Koby Yeshayahou Jul 22, 2010

News

Israel to offer sweeteners to boost high-tech

Financial Times  Vita Bekker Jul 21, 2010

Analysis

Israel: Might Avigdor Lieberman go?

The Economist  Jul 22, 2010

News

Business-risk level worsens in 2Q

The Jerusalem Post  Sharon Wrobel Jul 18, 2010

Analysis

The surplus in Israel’s basic goods foreign trade account narrows

Bank Leumi  Eyal Raz and Hagit Finder Jul 14, 2010

News

Israel: Manufacturers see drop in industrial exports

Globes  Koby Yeshayahou Jul 19, 2010

News

Gas field threatens fresh Lebanon-Israel dispute

Financial Times  Ferry Biedermann Jul 16, 2010

News

Israeli Unemployment Rate Declines to 1 1/2-Year Low in May on Growth

Bloomberg  Alisa Odenheimer Jul 19, 2010

News

Israel: GDP growth revised downward

Globes  Yael Gruntman Jul 19, 2010

News

Sponsor of Flotilla Tied to Elite of Turkey

The New York Times  Jul 15, 2010

News

Cheer, Then Gloom, on Talks for Peace Deal in Mideast

The New York Times  Isabel Kershner Jul 14, 2010

News

Bank of Israel warns on mortgage risk

Globes  Jul 14, 2010

Analysis

Israel: Economic and Financial Review July 2010

Bank Hapoalim  Jul 07, 2010

Analysis

Rising Turkey in a Changing Middle East

Carnegie Endowment for International Peace  Paul Salem Jul 06, 2010

News

Israel admits ‘mistakes’ in attack on aid flotilla

The National  Vita Bekker Jul 12, 2010

News

Israel: Knesset rejects minimum wage hike

The Jerusalem Post  Sharon Wrobel Jul 08, 2010

Analysis

Israel economy: Less confident

Economist Intelligence Unit  Jul 09, 2010

Analysis

It's Not the Economy, Stupid

Carnegie Endowment for International Peace  Michele Dunne July 2010

News

Obama Says Mideast Peace Possible in His First Term

Bloomberg  Jonathan Ferziger and Louis Meixler Jul 08, 2010

News

Israel: Netanyahu hears no discouraging words from Obama

The Washington Post  Dana Milbank Jul 07, 2010

News

Israel: Budget to boost growth, education

The Jerusalem Post  Jul 07, 2010

Analysis

MENA: Economic Review June 2010

Thomas White - Global Investing  June 2010

News

Turkish Aid From Flotilla Begins Arriving in Gaza

The New York Times  Ethan Bronner Jun 30, 2010

Analysis

Lebanon: Gas deposits fuel latest PR offensive by Hizbollah

The National  Michael Karam Jun 30, 2010

Analysis

Israel Rules Out Palestinian State by 2012

New York Times  Dina Kraft Jun 29, 2010

News

Turkey Closes Airspace to Some Israeli Flights

The Associated Press  Jun 28, 2010

Analysis

The BoI left rates on hold

BNP Paribas  Jun 29, 2010

News

Israel: BoI: Negative income tax could lift some out of poverty

The Jerusalem Post  Sharon Wrobel Jun 27, 2010

Analysis

Israel May Leave Key Rate Unchanged on ‘Softening’ Economy

Bloomberg  Alisa Odenheimer Jun 28, 2010

Analysis

Israel — Rates likely to be left on hold at 1.50% at today’s meeting.

Citigroup Emerging Markets Daily  Jun 28, 2010

News

Israel: Unemployment unchanged

Globes  Jun 22, 2010

Opinions

Turkey’s Gain Is Iran’s Loss

New York Times  Elliot Hen-Tov and Bernard Haykel Jun 18, 2010

News

Israeli Easing of Blockade of Gaza Draws Praise of U.S.

New York Times  Isabel Kershner Jun 20, 2010

News

Israel agrees to ease restrictions on imports to Gaza

Los Angeles Times  Edmund Sanders Jun 18, 2010

News

Israel, Kuwait Shares Lead Middle East Gains on Europe, Oil

Bloomberg  Zahra Hankir Jun 20, 2010

News

Israel to ease Gaza blockade

Guardian  Harriet Sherwood Jun 17, 2010