web analytics
December 26, 2014 / 4 Tevet, 5775
 
At a Glance
News & Views
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



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
The Al Haeche kosher restaurant in Paris had bullet holes through the front window. Dec. 24, 2014.
Parisian Kosher Restaurant Second Anti-Semitic Gun Attack This Week
Latest News Stories
The Al Haeche kosher restaurant in Paris had bullet holes through the front window. Dec. 24, 2014.

A kosher restaurant is the scene of the second shooting incident at a Jewish site in Paris this week.

Firebombed car near Maale Shomron

Doctors at Sheba Medical Center are currently fighting for Ayala Shapira’s life, who suffered burns to 50% of her body.

This is part of the Ramot neighborhood in Jerusalem. but is called by Obama a "settlement."

Plans also advanced for new homes in Har Homa in southern Jerusalem.

NYPD police officers Wenjin Liu and Rafael Ramos were shot to death on Dec. 20, 2014 by Ismaaiyl Abdullah Brinsley

JetBlue providing free flights to officers to attend slain NYC cop’s funeral. Charities also step up.

Jewish Press Movie Review: Danon’s clip of Zoabi a winner but Jewish Home’s parody of Livni stinks.

Police were forced to close the case on their primary suspect as they didn’t actually have any evidence linking him to the crime.

A firebomb attack has left a father and daughter injured near Maaleh Shomron.

Israeli Muslims who support ISIS hit with a travel ban.

The US claims that it is unlikely that ISIS shot down the Jordanian F-16 near Raqqa with a heat-seeking missile.

Channel 2 has released their latest election poll…

“Had the disaster not occurred, I would have never been living here; the tragedy triggered the change in my life…”

We will continue bringing tourists to Israel, even when the tourism industry is in decline,” Birthright CEO Gidi Mark said of the free 10-day trips for Jews ages 18-26.

“All the News to Print that Fits Our Agenda”

A fundraising campaign started quietly by two first graders two years ago to help find a cure for a rare genetic disease just passed the $1 million mark.

More Articles from JNS News Service

“Had the disaster not occurred, I would have never been living here; the tragedy triggered the change in my life…”

We will continue bringing tourists to Israel, even when the tourism industry is in decline,” Birthright CEO Gidi Mark said of the free 10-day trips for Jews ages 18-26.

Russia is one of Israel’s primary exports market, with produce amounting to 30 percent of all exports.

Scholastic has called the omission of Israel from the map “inadvertent”.

The French police made five new arrests related to the shooting at the Jewish Museum of Belgium in Brussels this past May in which four people, including an Israeli couple, were killed in the attack. A spokeswoman for the Paris prosecutor’s office, Agnes Thibault-Lecuivre, said that three men and two women were arrested Tuesday in […]

This is the season to pray for rain, but precipitation in the Arava would worsen the disaster by gushing the oil to Eilat.

Nearly 83 percent of Jewish Israeli teenagers encounter online anti-Semitism, and more than 51 percent are targeted due to their nationality, according to a poll released Tuesday by the Anti-Defamation League (ADL) In the same poll last year, 69 percent of Israeli teens reported being exposed to Web anti-Semitism, including 36 percent due to nationalistic […]

The legislation targets the free daily Israel Hayom, the country’s top-read print newspaper for more than four years.

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: