Economic Weekly

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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