Macroeconomic Forecast Israel

Over the past five years, Israel has turned out trade deficits in the 2-4% of GDP range, yet has still managed to post current account surpluses of 1-5% of GDP. We expect similar dynamics to prevail over the next two years: we forecast trade deficits of 2.2% and 2.3% of GDP in 2010 and 2011 respectively; and current account surpluses of 1.9% and 1.8% of GDP in 2010 and 2011 respectively.

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