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Table of contents; Basic statistics of Israel, 2014; Glossary; Executive summary; The economy has strong fundamentals, but productivity performance has been weak; Per capita GDP and productivity; Income inequality and poverty are high; Poverty rate relative to threshold of 50% of median disposable i...

Figure 2. Effective exchange rates and export performanceTable 1. Macroeconomic indicators and projections; Table 2. Possible shocks to the Israeli economy; Narrowing divides between communities; Figure 3. Better Life Index (BLI) reflects the great diversity of the Israeli population; Maintaining an...

Figure 6. Household debt is low, and the risk profile of new mortgages has been reducedAdjusting the fiscal framework to better address the nation's economic and social needs; Figure 7. The general government accounts have strengthened; Figure 8. Revised medium-term fiscal targets; Figure 9. Cutting...

Figure 11. Trade openness is relatively low and product market regulation stringentFigure 12. The productivity gap between the exposed and sheltered sectors is large and price levels high; Figure 13. Tariff and non-tariff trade barriers are high; Figure 14. Regulation in retail trade is restrictive;...

Figure 17. Resources and outcomes in education have increased, but further progress is neededWell-designed reforms to promote social cohesion and share the fruits of growth; Better integrating the disadvantaged groups into the labour market; Figure 18. The employment rate has increased, but wage gro...

Table 3. Gross and net pension replacement rates