The International Monetary Fund has given Israel a mixed report card.
In a report presented this week to Israeli officials, an IMF delegation said the Jewish state’s immediate economic outlook was not promising.
The report pointed to disappointing economic growth and a sharp rise in unemployment.
Israel is expected to undergo growth of about 2 percent this year, and treasury officials have forecast only a slight improvement for 1998.
The report attributed the lackluster growth to the security situation in Israel and a drop in immigration.
But IMF officials saw some encouraging signs in the government’s efforts to cut deficits, its maintenance of inflationary targets and its continued efforts at privatization.
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