In this week's Leumi Economic Weekly Report:
In contrast to preceding years, January 2019 concluded with a fiscal deficit; the annual deficit increased to 3.3% of GDP and absent any new policy steps to lower this, it will increase further in the remainder of the year.
The rate of increase in real wages in the business sector stabilized recently at 3.0%-3.5%; while in contrast the rate of increase of public sector wages continues to moderate.
- The peak level of incoming tourists to Israel (via air) continued also in the beginning of 2019.
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