The IMF has raised its growth outlook for Israel by 0.3 percentage points in a new World Economic Outlook report published today, on the eve of the World Bank Group and IMF 2007 Annual Meeting.I've mentioned before how when Arab nations enforced a boycott against Palestinian Jews in 1946 it backfired spectacularly. One would think that they and their Jew-hating colleagues would learn by now.
...It now predicts 4.8% growth in 2007, and 4.2% growth in 2008. The IMF’s growth forecast for Israel is one of the highest for developed countries; the IMF categorizes Israel as such.
The IMF predicts higher growth rates in 2007 for Hong Kong and Singapore, at 5.5% each, and for Ireland, at 5%. It predicts 4.4% growth for South Korean, 2.9% growth for the UK, 2.3% for Japan, 2.2% for the US, and 1.8% for Germany.
The IMF also predicts 0.1% deflation for Israel this year; the only developed country for which it predicts this.
The IMF predicts that Israel’s unemployment rate will fall to 7.5% of the civilian labor force in 2007 and 7.2% in 2008, down from 9% in 2005 and 8.4% in 2006.
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