Topic: IMF warns on Israeli real estate market
"Output growth is strong by industrial country standards. It rose by 0.8% in 2009, and is set to grow around 4% in 2010. And unemployment is already back down to around 6%, close to its historic low. This reflects good preparation and a firm policy response," says the IMF in its concluding statement of the Article IV Mission to Israel, released by the Bank of Israel and the Ministry of Finance today.