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Economic Weekly


In this week's Leumi Economic Weekly Report:


  • A “step-down” in incoming tourism to Israel during the fourth quarter of 2015, against the backdrop of the current wave of violence; the return to levels from before Operation Protective Edge is expected to be slow


  • The actual government budget deficit in 2015 (2.15% of GDP) was below the planned target (2.9%); difficulties are likely in achieving the 2016 deficit target


  • The government debt/GDP ratio is low in an international comparison; the path of decline of the deficit in the coming years is expected to be slow


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