The Bank of Israel estimates that due to the coronavirus crisis, growth in Israel will decline to 2 percent in 2020 but will correct itself to 3.9 percent in 2021.
The Globes financial publication reports the updated scenario assumes that there will not be a mass outbreak of coronavirus in Israel, and that the whole crisis will be over by the end of June. The bank assumes that some 150,000 Israelis will be in isolation at some stage during the period of the crisis, and that a partial closure will be imposed on Judea and Samaria. It also assumes that tourism, civil aviation, and other activities such as conferences, will be almost entirely paralyzed during the period.