Israel Consumer & Retail Q4 2020
The Israeli government's policy response to the spread of Covid-19 (coronavirus), its impact on consumers andconsumer-facing businesses and the launch of government stimulus packages are all being taken into account into our forecast forthe Israel consumer spending outlook in the short-to-medium term (2020-2024). The spread of Covid-19 globally will have anegative impact on Israel’s consumer spending in 2020, with real household spending forecast to contract by -7.1% y-o-y. In 2021,we project real household spending growth to begin to recover, expanding by 5.1% y-o-y.
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