International Monetary Fund Reports Israel On The Right Road To Renewed Growth.

The International Monetary Fund (IME) predicted that Israel's economic slowdown will end in 1999 and Israel's gross domestic product (GDP) for 1999 will increase by 2.3 percent. In the years following 1999, economic growth is predicted to return to the 5-6 percent level of the early 1990's. This future growth is the direct result of correct economic policies that the present government has followed to reduce the budget deficit, hold real wage increases to increases in productivity, and reduce inflation while encouraging privatization. The IMF expects Israel to meet both its reduce