Emerging Europe Economics Update BoI withdraws support, but no sign of tightening Israel’s strong economic recovery prompted the central bank to phase out one of its emergency support programmes at today’s meeting and Governor Yaron’s comments suggest that the next step towards... 5th July 2021 · 3 mins read
Emerging Europe Economics Weekly Turkey’s quick turnaround, Russia’s latest intervention The sharp improvement in Turkey’s virus situation has brightened the near-term outlook and presents a risk to our view that the central bank will start an aggressive easing cycle in the coming months... 25th June 2021 · 5 mins read
Emerging Europe Chart Pack Recovery takes hold and inflation pressures build Economic activity across Emerging Europe is rebounding strongly now that virus waves have passed and restrictions have been lifted. The recovery in Q2 looks to have been strongest in Russia, Israel... 24th June 2021 · 15 mins read
Emerging Europe Economics Update Gas sector expansion to boost the Israeli Shekel A further expansion of gas production is likely to boost Israel’s current account surplus by an additional 0.4% of GDP per annum by 2025. This will put upwards pressure on the real exchange rate, but... 16th June 2021 · 5 mins read
Emerging Europe Data Response Israel Consumer Prices (May) The rise in inflation in Israel to 1.5% y/y in May was partly driven by food and energy, but there are some signs that underlying price pressures have increased. We think that inflation will rise... 15th June 2021 · 3 mins read
Global Economics Update Will vaccine hesitancy prevent economies reopening? 28th May 2021 · 3 mins read
Emerging Europe Economics Update Israel and the risks to our macro forecasts The announcement of a ceasefire between Israel and Hamas removes one of the key uncertainties about the outlook for Israel’s economy and we maintain our forecast for a rapid recovery in GDP to take... 21st May 2021 · 6 mins read
Emerging Europe Data Response Israel GDP (Q1 2021) The surprise 6.5% annualised contraction in Israeli GDP in Q1 largely reflected the impact of a vehicle tax hike on consumption and a sharp fall in government consumption. We expect GDP to rebound... 18th May 2021 · 3 mins read
Emerging Europe Data Response Israel Consumer Prices (Apr.) The latest inflation figures for Israel provided few signs that the reopening of the economy resulted in a pick-up in price pressures in April. This supports our view that inflation will remain in... 14th May 2021 · 2 mins read
Emerging Europe Economics Update Israel’s recovery showing early signs of labour shortages The re-opening of Israel’s economy since March has driven a sharp tightening of labour market conditions and a growing share of firms are reporting labour shortages. This appears to be concentrated in... 6th May 2021 · 4 mins read
Emerging Europe Economics Focus Israel’s vaccine success to drive strong recovery Israel has been the world leader in the vaccination race and the early evidence is that the rapid re-opening of the economy has driven a strong rebound in activity, particularly in services sectors... 22nd April 2021 · 20 mins read
Emerging Markets Economics Update Israel’s re-opening: the impact so far The rapid re-opening of Israel’s economy since February has triggered a rebound in activity that looks stronger than had been widely anticipated. In particular, the recovery in hospitality and leisure... 31st March 2021 · 5 mins read
