The IMF also noted that Israel's inflation rate will rise from 2.7% in 2010 to 3.4% in 2011 and fall back to 1.6% in 2012
The International Monetary Fund (IMF) predicts that Israel's GDP growth will slow to 3.2% in 2012 from 4.8% in 2011.
The prediction appears in the World Economic Outlook for September 2011, published on the eve of the World Bank-IMF Annual Meeting.
The world economy, according to the report, will expand 4% this year and next, compared with June forecasts of 4.3% in 2011 and of 4.5% in 2012.
The IMF also noted that Israel's inflation rate will rise from 2.7% in 2010 to 3.4% in 2011 and fall back to 1.6% in 2012. It predicts that Israel's unemployment will fall from an average of 6.7% in 2010 to 5.9% in 2011 and 5.8% in 2012.
