The Research Department's Staff Forecast, June 2012

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The Economy and Economic Activity

This document presents the forecast of macroeconomic developments compiled by the Bank of Israel Research Department in June 2012. According to the staff forecast, the inflation rate over the next four quarters (ending in the second quarter of 2013) will be 2.4 percent. The Bank of Israel interest rate in the second quarter of 2013 is expected to be 2.25 percent (its current level). Gross domestic product (GDP) is expected to grow by 3.1 percent in 2012 and by 3.4 percent in 2013.


To the full forecast in a PDF file