Such a forecast relies on the most up-to-date information regarding the state of the Israeli economy – based on a broad set of indicators from the labor market, various indices of economic activity, consumer confidence indices and business tendency surveys – and on the most up-to-date forecast regarding the state of the global economy, and particularly global trade, which is an indicator of demand for Israeli exports.
In the field of structural reforms we continue to urge governments to implement, in a determined way, the agenda set in the Broad Economic Policy Guidelines. Structural reforms will contribute to expanding the euro area’s potential for non-inflationary growth and to reducing its high level of unemployment.