01664cas a2200241 a 4500 AALejournalIMF003048 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451819533 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Israel : Staff Report for the 2003 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (44 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2003 Article IV Consultation highlights that Israel's economy has entered a modest recovery path, after almost three years of recession. Led by external demand, real GDP is estimated to have grown 1.3 percent in 2003, despite anemic investment. Furthermore, high frequency indicators suggest that output is recovering, private consumption is growing, and tourism is rebounding. The external current account deficit continues to fall and is now close to balance. The sizable capital outflow of the last quarter of 2002 and the first quarter of 2003 has been reversed, and foreign direct investment has rebounded. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2004/158 Full text available on IMF http://elibrary.imf.org/view/journals/002/2004/158/002.2004.issue-158-en.xml IMF e-Library