Live Update 
From the Liveblog of
Tuesday, August 18, 2020
From the Liveblog of
Tuesday, August 18, 2020
Bank of Israel chief predicts GDP to contract by 4.5-7% in 2020
Add ToI as a Preferred Source on GoogleBank of Israel Governor Amir Yaron issues revised growth forecasts for 2020, warning a worsening of the coronavirus pandemic or significant new restrictions will lead to an even deeper contraction.
Yaron predicts that if the outbreak doesn’t get dramatically worse and there aren’t significant new restrictions, GDP will shrink by 4.5 percent on the year.
If both of those happen, however, and a lockdown is imposed during the fourth quarter, the central bank chief forecasts a 7% contraction in GDP during 2020.
If you’d like to comment, join
The Times of Israel Community.
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Already a member? Log in here