"Israel Business Forecast Report Q3 2014" Published

Core Views

* Political risks remain elevated, despite a reduced likelihood of an attack on Iran and Syria. In particular, spill over effects from the civil war in neighbouring Syria remain high, and investor confidence may be tempered as a result.
* We project real GDP growth in Israel to come in at 3.2% in 2014 and 3.6% in 2015, from growth of 3.3% in 2013. the economy will remain in a soft patch this year, with fiscal austerity hitting consumer demand and export growth only modestly accelerating.

Major Forecast Changes

* We believe that the Israeli shekel will gradually appreciate in 2015, a result of significant inflows of foreign exchange in the form of investment and payments by international gas companies, improvements in Israel's trade position and a reversal of the central bank's dovish monetary policy. We project the Israeli shekel to average ILS3.5000/USD and ILS3.4000/USD in 2014 and 2015, respectively, from previous forecasts of ILS3.5400/USD this year and ILS3.600/USD the next.

Full Report Details at
- http://www.fastmr.com/prod/841218_israel_business_forecast_report_q3_2014.aspx?afid=302

Key Risks To Outlook

* House prices in Israel have risen rapidly in recent years, raising concerns that a bubble has formed in the property market. However, macro prudential measures on the part of the government designed to bring down prices have seen a partial cooling of the market, and we do not expect a sharp decrease in prices at this stage.
* A sharper-than-expected downturn in the global economy would hit Israel's economy badly. Exports have already been hit by stagnant demand in Europe and the US, and lower-than-expected growth in those markets would see the outlook for exports deteriorating even further.

The Israel Business Forecast Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Israel and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market..

An influential new analysis of Israel's economic, political and financial prospects through end-2017, just published by award-winning forecasters, Business Monitor International (BMI).

Key Uses

* Forecast the pace and stability of Israel's economic and industry growth through end-2017.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
* Assess the critical shortcomings of the business environment that pose hidden barriers and costs to corporate profitability.
* Contextualise Israel's country risks against regional peers using BMI's country comparative Risk Ratings system.
* Evaluate external threats to doing business in Israel, including currency volatility, the commodity price boom and protectionist policies.

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