web analytics
September 17, 2014 / 22 Elul, 5774
At a Glance
News & Views
Sponsored Post
Apartment 758x530 Africa-Israel at the Israel Real Estate Exhibition in New York

Africa Israel Residences, part of the Africa Israel Investments Group led by international businessman Lev Leviev, will present 7 leading projects on the The Israel Real Estate Exhibition in New York on Sep 14-15, 2014.



Israeli Economy Second-Quarter Growth Exceeds Expectations

Israel’s Central Bureau of Statistics (CBS) announced that the Israeli economy grew at an annual rate of 5.1 percent in the second fiscal quarter of 2013, beating economists’ expectations.

Economists had projected 3-percent growth in the second quarter for Israel. This compares with just 2.7-percent growth in the first quarter and 3.1 percent in the fourth quarter of 2012 for the Israeli economy.

According to the CBS, the positive report was driven by 6.7 percent growth in private consumption, 1.2 percent growth in the exports of goods and services, and 8.3 percent growth in public consumption, Globes reported.

Analysts also said that natural gas production in the Tamar gas field off the coast of Israel, which began at the end of March, might have also played a role in the higher-than-expected growth rate, Haaretz reported.

The strong growth of Israel’s economy comes despite the departure of internationally renowned economist Stanley Fischer as the head of the Bank of Israel in June. Two of Prime Minister Benjamin Netanyahu’s nominees to replace Fischer withdrew from consideration.

About the Author: www.JNS.org is an independent, non-profit business resource and wire service covering Jewish news and Israel news for Jewish media throughout the English-speaking world.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Israeli Economy Second-Quarter Growth Exceeds Expectations”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
PLO / PA / Fatah leader Mahmoud Abbas.
PA Unity Government Not Unified
Latest News Stories
Senior Hamas and Fatah leaders in Gaza City on April 22. Hamas and Fatah signed a deal to establish a unity government, but since then little progress has been made.

Looming large over any efforts to rebuild Gaza is the ongoing split between Palestinian Authority President Mahmoud Abbas and his Fatah party, which controls the West Bank, and Hamas, which continues to control the Gaza Strip.

New York City police are investigating the distribution of fliers marked with swastikas in the Williamsburg neighborhood of Brooklyn.

Russia and Egypt have reached a preliminary agreement for a $3.5 billion arms deals.

Israel has noted that in the past two months Hizbullah has changed its strategy to “breaking the silence,” an attempt to create deterrence toward Israel while the group is bogged down in fighting in Syria and Iraq.

It’s not yet clear if Nemmouche was acting on orders and, if so, whether the orders came from ISIS.

Hamas appears determined to sabotage the shaky Palestinian Authority unity government to which it belongs.

Prominent Muslims deny that ISIS – the Islamic State in Iraq and Syria terror group –has any real connection to Islam.

China’s Yuanda Enterprise Group announced last week that it had bought the Israeli company AutoAgronome Israel Ltd for $20 million in order to expand its business to high-tech agriculture.

Arameans are now recognized as a distinct nationality in Israel.

Almost four months after a terror attack left four people dead, the Jewish Museum in Brussels has reopened.

Meters from where Israeli journalists were scanning the Golan Heights, shell fire struck from Syria shortly after 1:30 pm Wednesday.

A New York man born in Yemen has been charged with trying to recruit for ISIS.

A new study of European Jewry shows it is dying and afraid.

Hundred of Gazans drowned as they tried to escape to Europe by boat. Hamas profited from their attempted escape.

Naftali Frenkel’s mother’s message for Rosh HaShana is for the Jewish people to remain united, as one family.

It’s expected to reach almost 90 (F) degrees today in Jerusalem…

More Articles from JNS News Service
Logo of the City University of New York (CUNY).

Despite the vote’s difficult timing for observant Jews, a number of pro-Israel groups also turned out to support CUNY students and faculty who opposed the resolution.

“He was part hippie, part yippie, part beatnik, and part New Age,” – Elli Wohlgelernter in a Jerusalem Post eulogy in 1994.

Group behind offensive flyers, Students for Justice in Palestine, has already been suspended by several universities

Yet another incident of Palestinian Authority officials co-opting history and misrepresenting Jesus as a Palestinian.

A report in the Asharq Al-Awsat newspaper, citing sources in Lebanon, said Hezbollah is facing increasing financial pressure over austerity measures by the Iranian government since President Hassan Rouhani took office last summer, as well as strain over the terror group’s involvement in the Syrian civil war. Additionally, the report said Hezbollah is facing financial […]

If Israel sends a spacecraft to the moon, will BDS call the lunar surface “occupied territory”?

There is nothing like a war of anti-Semites against anti-Semites to encourage Aliyah. Ukrainian Jewish immigration to Israel has risen 70 percent in 2014 amid the recent political upheaval in that country. According to the Jewish Agency for Israel, 375 new immigrants from Ukraine arrived in the first three months of 2014, compared with 221 […]

Printed from: http://www.jewishpress.com/news/breaking-news/israeli-economy-second-quarter-growth-exceeds-expectations/2013/08/20/

Scan this QR code to visit this page online: