Position in economy of Israel.
Position in economy of Israel.
The head of the new Israeli government A.Sharon in the nearest
The future new serious tests wait, informs from Tel Aviv
The correspondent of the German newspaper "FrÐ nkfurter Allgemeine Zeitung".
Acceptance of the state concerns them first of all
The budget for 2001 the Former prime minister E. the barrack could not make it
Because of the governmental crisis. Other important problem of the new
The governments revival obshchehozjajstvennoj conjuncture is.
The matter is that after proceeding last one and a half year
Economic boom national economy development essentially
It was slowed down. The investment company "UBC Warburg" expects
Sharp decrease in rates of economic growth. In this connection
The most probable candidate on a post of the Minister of Finance S. crazy
Has supported carrying out of such financial policy, which
Would promote revival of a conjuncture and creation of new workers
Places.
During pre-election campaign A.Sharon promised to give
Building industry grants not to tax
Percent on hypothecary credits. Its government namereno also
To promote building new automobile and iron
Roads, power stations, water-desalinating constructions. It wants
To put pressure upon national bank, to force it
To lower the interest rate.
As experts mark, activity of the government speaks
First of all cooling of an economic conjuncture: it agree
To the forecast "Bank Hapoalim", in 2001 gross national product gain will make only
3,5 % against 5,9 % in 2000 Other institutes, for example
The investment company "UBC Warburg", expect current year
Only 2,2 %-s' growth. Because of the astable political
Positions the Ministry of Finance, as well as Bank of Israel, while
Refuses to do the forecast for current year.
Slower rates of growth are observed in all important
Branches of the Israeli economy. Constraining influence on export in
IV quarter 2000 have rendered sector of "high" technologies and tourism,
Whereas in 1999 they promoted export growth. Because of
Conditions aggravations in the country number of foreign tourists in the end
Last year it was reduced to 55 %. Quantity of spending the night in hotels
Has decreased for 65 %. Some hotels have been compelled to be closed.
The enterprises of hotel business could reach the positive
Balance only because hotels have been overflowed in connection with
Visit to the country of the Pope.
Activity of the Israeli exporters have negatively affected
Also recession of a conjuncture in the USA and delay of economic growth in
The countries of Asia. To the United States 30 % of the Israeli arrive
Export (not considering diamonds). Last years value has grown
The Asian market for Israel. Demand for the hi-tech
Production and tourism hardly can render in 2001 the essential
Positive influence on export, therefore rates of its gain, as
Expect, hardly probable will exceed 10 %-s' mark. Tourist business in
Current year, probably, will not recover from crisis.
Last economic indicators (a turn of retail trade,
Import) specify on even bolshee delay of rates of growth
The Israeli economy in I quarter 2001 Boom in 1999 and 2000
It was supported among other by high level of the personal
Consumption to which was promoted first of all by increase
Wages in sphere of "high" technologies. The real salary
Last year has grown approximately on 7 %, that twice exceeds rates
Its gain in previous years (since 1996 on 1999). However with IV
Quarter 2000 the wages do not raise. Constraining
Influence on personal consumption is rendered also by excitements and
Political instability in the country. Consumer expenses in
2001, under forecasts, will increase only by 3 % against 5,7 % in 2000
Because of cooling obshchehozjajstvennoj conjuncture number
The unemployed in 2001 as expect, will be exceeded by 9 %, that on 0,5 %
More than in 2000 its Actual level will be a little
Above, as many employees pass now courses
Improvements of professional skill. In structurally backward regions of the country
The rate of unemployment reaches 15 %.
The government of Israel could lower rates of inflation almost to
Zero that has been reached, according to economists, thanking
To the restrictive budgetary policy of last years and high
To interest rates of Bank of Israel. The new prime minister is intended
To liberalise a credit policy, being guided on
Mid-annual inflation in 2001 from 2 to 3 %.
Though in 90th years incomes per capita in Israel have reached
Level of the Great Britain, labour productivity for this period
Has raised slightly. The economy of Israel has taken benefits
First of all from mass immigration in the country of the former Soviet
Citizens, and also from possibility to receive on the American
The financial market the capital on beneficial terms. In the nearest
The future positive influence of these factors almost will stop, and without
Essential increase of labour productivity economy
Israel will return to stagnation 70 - 80th years, consider the American
Economists from "Bank of America".
Not less important problem of the new government is
Elimination of a sharp inequality in incomes and property
Position of the Israeli citizens. As mark the American
Economists, in Israel the social inequality is shown not less
Sharply, than in Brazil or Venezuela. It represents threat for
Stability and economic growth. The reason of the growing
Inequalities economists consider inefficient system
The taxation which has not been reformed by any
The government which was in power since 70th years.
Slowly moves ahead last years and privatisation process.
Such banks have not been privatised neither airline "El Al", nor,
As "United Mizzachi" or "Israel Discount Bank". At the state
There are no means for the decision of structural problems. Former
The governments have not created competitive conditions in sphere
Electric power industry, in a petroleum-refining industry.
The basic indicators of economic development of Israel.
Population (million, 2000) 6,36
Economically active population (million, 2000) 2,24
1998 1999 2000
GROSS NATIONAL PRODUCT
Bln. dollars 99,0 99,1 106,1
% 2,4 2,3 5,9
The income on soul Ð?Ð Ñ Ð Ð Ð Ð?Ð Ñ 1) 16578 16241 16683
Personal пÐ?Ñ Ñ Ð Ð Ð Ð Ð?Ð Ð 2) 1,1 0,8 361
State Ñ Ð Ñ Ñ Ð?Ð?Ñ 2) 2,7 2,9 2,4
Deficiency of the balance of payments on the flowing
Ð?Ð¿Ð Ñ Ð Ñ Ð Ñ Ð 3) 0,963 1,881 1,988
Deficiency trading Ð Ð Ð Ð Ð?Ñ Ð 3) 3,225 4,408 3,780
Balance of balance of trade-0,690-0,517 2,032
Ñ Ñ Ð Ñ Ð³Ð Ð Ð 3)
Ð?Ð Ñ Ð¿Ð?Ñ Ñ 3) 22,993 25,794 30,002
РРпÐ?Ñ Ñ 3) 29,342 30,160 35,221
Deficiency state 2,4 2,9 0,5
Ð Ñ Ð?Ð?Ð Ñ Ð 4)
Ð Ð Ð?Ñ Ð Ð Ð?Ñ Ð Ñ Ð 5) 8,6 8,9 8,7
Ð Ð?Ñ Ð Ñ Ñ Ð Ñ 5) 5,6 5,2 1,1
1) Dollars
2) % to previous year.
3) Bln. dollars
4) % to gross national product.
5) % on the end of year.
<$>
//* an information Source: BIKI, 3.04.01
//* Reg. Nom. - 1110400227.16-------------------------------------------
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