Key View

• Countries with a strong technology background, such as Israel and Taiwan, will become new hubs in the autos sector for autonomous vehicle technology.
• Israel is a leader in software solution, particularly for key areas such as cybersecurity, while Taiwan's expertise in electronics and components gives it an edge on the manufacturing

Key View

• Development of health technology in Israel will be boosted by both foreign and domestic investments.
• Western healthcare firms are expected to increase their interest in the country’s health technology.
• Utilisation of the country's health database will be crucial to attractiveness, but competition from larger countries is imminent.

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Key Views:

• We at Fitch Solutions forecast Israel’s budget deficit to reach 4.1% of GDP in 2019 and 4.0% in 2020, from 2.9% in 2018.
• While revenues will rise in 2020 on the back of an acceleration in growth, we believe political pressures on spending will prevent a more pronounced narrowing of the deficit.
• While Israel will continue to post

Key View

• The expanding economy and relatively high level of health expenditure will support medical device market growth of 3.7% in 2019 and 7.7% in 2020 in local currency terms.
• Robust economic growth will boost medical device import growth.
• Domestic production that is geared to the export market will support medical device export performance

Key View:

• We at Fitch Solutions expect inflation in Israel will remain moderate over the coming quarters, forecasting an average 1.5% y-o-y in 2019 and 1.8% in 2020.
• We believe the Bank of Israel will hike its key policy rate by 25 basis points to 0.50% in 2019 and further to 0.75% in 2020 to maintain inflation around the 2.0%-mark.
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