web analytics
January 25, 2015 / 5 Shevat, 5775
 
At a Glance
News & Views
Sponsored Post


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
Two F-15 fighter jets. (illustrative only)
Hezbollah Vows to Attack Israel ‘With Wisdom’
Latest News Stories
More Articles from JNS News Service
Hamas Demonstrating on Temple Mount.

The secretary-general of the Organization of Islamic Cooperation, an umbrella group representing 57 Muslim countries based in Saudi Arabia, plans to visit the Temple Mount Monday. Iyad bin Amin Madani is scheduled to make the visit as part of a trip that also includes a meeting with Palestinian Authority President Mahmoud Abbas in Ramallah, OnIslam.net […]

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: