Boston, MA -- (SBWIRE) -- 08/22/2013 -- Political risks remain elevated, with potential for an Israeli military attack on Iran on the rise in 2013 and risks of spill over from the crisis in Syria increasing, and investors' risk appetite may be tempered as a result.

We see the current account coming in deficit to the tune of 0.3% of GDP in 2013 and to return to positive territory at 0.9% of GDP in 2014, compared with a deficit of 0.8% of GDP in 2012. The current account's improvement mainly results from declining import growth.

Major Forecast Changes

We project real GDP growth in Israel to come in at 3.7% in 2013, up from our previous forecasts of 3.5%. Much of the will result from declining imports, while private consumption and fixed investment will grow slowly.

View Full Report Details and Table of Contents

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, an increase in supply, coupled with macroprudential measures on the part of the government designed to bring down prices, have seen the market cooling in the past few months. As a result, a sharp drop in prices is unlikely at this stage.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Country Reports research reports at Fast Market Research

You may also be interested in these related reports:

- Brazil Business Forecast Report Q3 2013
- Trinidad & Tobago Business Forecast Report Q3 2013
- Croatia Business Forecast Report Q3 2013
- Germany Business Forecast Report Q3 2013
- Philippines Business Forecast Report Q4 2013
- Chile Business Forecast Report Q4 2013
- Kuwait Business Forecast Report Q4 2013
- Singapore Business Forecast Report Q3 2013
- Vietnam Business Forecast Report Q3 2013
- United States Business Forecast Report Q4 2013