BOL: negative inflation rate of -0.7% in 2009

The Bank of Israel forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%.
22.12.08 / 00:00
BOL: negative inflation rate of -0.7% in 2009
22.12.08
BOL: negative inflation rate of -0.7% in 2009
•

The Bank of Israel forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%
 
Data released last week by the Bank of Israel (BoI) indicate that next year will be especially hard on Israel's economy, with a negative inflation rate of -0.7%.
 
The BoI forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%.
 
According to the BoI's data only in 2011 the inflation rate will stabilize at 2.7%, within the range of the government's goal of 1%-3%.
 
The BoI also noted that overall inflation rate for 2008 is expected to stand at 3.7%, up 0.3% from the previous year.

 

More articles that may interest you
The new agreement will allow any EU airline to operate flights between any EU Member state and Israel where a bilateral agreement with Israel exists and traffic rights are available
EU and Israel signed "horizontal" civil aviation agreement
Pawlenty leads a delegation that includes 37 business leaders, Israel is Minnesota's 22nd largest export market in 2007
Gov. Tim Pawlenty in Israel leading trade mission
The Organization for Economic Cooperation and Development (OECD) said last Tuesday that Israel had become the first Middle Eastern state to join its anti-bribery convention
OECD: Israel is first Middle Eastern state to sign anti-bribery convention
In November 2008, import of goods totaled $4.7 billion, export of goods totaled $3.8 billion and the trade deficit totaled $0.9 billion
CBS: trade deficit averaged at $1.2b per month in 2008
For first time since 2003. Data shows that some 150,000 people have been laid off in the past three months. hardest hit sector - hi-tech market
Employment Ministry: Israeli employment market registers negative balance
The limit will mostly affect narrow body aircraft. The restriction does not apply to commercial cargo packages
New Weight Restriction procedure issued by IAA angers foreign airlines
More news from Industry & Trade Section
>Merrill Lynch: Israel GDP growth cut by 75% in 2009/15.12.08 >Israel expects 3 million visitors in 2008/08.12.08 >November: Car imports down 38%/08.12.08 >Gad Schaefer elected President of the Chamber of Commerce Haifa/08.12.08 >Italian - Israeli economic forum set up by Italian & Israeli Presidents/01.12.08 >Exports to Asia in September-October 2008, down 19%/01.12.08 >OECD forecasts slow GDP growth for Israel/01.12.08 >Israeli police: 1.5 tons of cocaine seized/01.12.08 >Union threatens general strike over pensions/01.12.08 >Bank of Israel lowered 2009 growth forecast/24.11.08