The Organization for Economic Cooperation and Development (OECD) raised its 2012 economic growth estimate for Israel to 3.2 percent, up from its November estimate of 2.9 percent. The group reduced its estimate for 2013, down to 3.6 percent from 4.7 percent. According to a report in Bloomberg business news, Israel’s economy expanded 4.7 percent in 2011.
The OECD recommended Israel not further lower its hefty gas tax, and should not cut personal income tax.
About the Author: Malkah Fleisher is a graduate of Cardozo Law School in New York City. She is an editor/staff writer at JewishPress.com and co-hosts a weekly Israeli FM radio show. Malkah lives with her husband and two children on the Mount of Olives in Jerusalem.
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