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""Table of contents""; ""Basic statistics of Israel, 2010""; ""Executive summary""; ""Assessment and recommendations""; ""Growth has been relatively strong, but global developments are weakening prospects""; ""Figure 1. A relatively strong recovery but recent slowing""; ""Table 1. Short-term economi...

""� was tackled by combining rate hikes with currency intervention""""Changes to the Bank of Israel�s modus operandi continue""; ""Additional steps are being taken to cool the housing market""; ""There is room to improve financial supervision""; ""In banking, planned legislation to allow secur...

""Debt reduction should remain the top priority""""Figure 4. Fiscal outcomes""; ""Faster spending growth under the new fiscal rule is welcome""; ""Figure 5. Primary civilian and overall government expenditure""; ""Near-term prospects in fiscal performance have weakened""; ""Ensuring revenues remain...

""An innovative shift to a two-year budget cycle""""And a significant improvement in the fiscal treatment of hydrocarbon resources""; ""Box 2. Core recommendations on fiscal policy""; ""Education, labour and social policies""; ""Figure 8. Education and labour-market indicators""; ""Some good news in...

""� and housing support schemes extend well beyond assistance to low-income households""""Box 3. Core recommendations on education, labour and social policies""; ""Progress in improving the business environment""; ""Figure 9. Indicators of business policy""; ""In the housing sector reforms to pla...

""Plans for GHG-emission reduction focus on the electricity sector""