Israel’s economy is projected to shrink by 5.9% this year, in contrast to the previous year’s 3.4% growth and its first contraction since 2002, due to the coronavirus crisis, according to the IMF’s October 2020 forecast. This is in line with the Bank of Israel’s forecast, with real GDP projected to fall by 4.5% to 7%.

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Israel is a sovereign nation that covers an area of about 20,770 sq. km in West Asia. As observed on the physical map of Israel above, despite its small size, the country has a highly varied topography.

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