Israel

We are leaving our fiscal forecasts unchanged, in spite of recent political turmoil, believing that any additional spending due to the crisis in Gaza will be covered off-budget, as... 2007-07-31

Overall we do not see the US arms deal with anti-Israel states like Saudi Arabia as any real threat to the state's security, particularly since Washington is softening the blow with... 2007-07-30

We caught the shekel sell-off, predicting downside as of May 3. However, the unit has remained on the firm side of the ILS4.3/US$ support level we highlighted on June 25, and with... 2007-07-09

We are leaving our fiscal forecasts unchanged, in spite of recent political turmoil, believing that any additional spending due to the crisis in Gaza will be covered off-budget, as... 2007-07-03

We see the establishment of a Hamas-led mini-state in Gaza as an overwhelmingly negative development in terms of both Israeli and Egyptian security and the peace process. In spite... 2007-07-03

BMI View: Prudent macroeconomic policies combined with very strong growth will allow Israel to continue to rein in the fiscal deficit while also cutting taxes gradually over the forecast... 2007-06-21

BMI View: Only a political shock could derail Israel from its stellar growth path, with consumer and investor confidence still sky high.

BMI View: Only a political shock could derail Israel from its stellar growth path, with consumer and investor confidence still sky high.

BMI View: Neither the election of Ehud Barak as the chairman of the Labour party nor the presidential polls to be held today pose a threat to policy direction in Israel.

Our call for a shekel correction on the back of dollar strength is starting to come to fruition, albeit almost three weeks after we first made it (see Currency Forecast - Short Term... 2007-05-25