Israel growth slows amidst judicial reforms – IMF

Israel’s growth is having a slow pace in 2023 following its 2022 recovery, with signs pointing at the risks taking a downside, amidst economic turmoil, the International Monetary Fund (IMF) announced on Wednesday.

The Israeli economy’s upheaval is affected by uncertainty over judicial reforms that may cut investment.

Israel’s monetary policy stance should remain tight given a tight labor market and headline inflation above the central bank’s target range, said the IMF in a statement in Article IV annual review mission to Jerusalem.