Israeli Economy Seen Expanding 4.8% in 2021 If Vaccine Available - Bloomberg

Israeli Economy Seen Expanding 4.8% in 2021 If Vaccine Available - Bloomberg

Israel’s economy will expand 4.8% next year if a Covid-19 vaccine is available by mid-year, according to the Finance Ministry’s Chief Economist Shira Greenberg.

If the pandemic isn’t curbed, then output will only rise 2.2%, Greenberg said in a presentation at joint U.S.-Israel economic discussions. The Bank of Israel’s latest forecast in October projected a range of 1% to 6.5%.