Bank of Israel - Annual Report 2004

The Bank of Israel has published its Annual Report for the year ended 2004. In 2004 the long-term strategy of Israel's macroeconomic policy - intended to place the economy firmly on the path towards the realization of its growth potential - moved forward, the report said.

"Underlying this is the realization that long-term growth is a necessary, but not sufficient, condition for improving the welfare of the population by raising the standard of living, improving the employment situation, and

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