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February 17, 2015 11:39 am

Israeli Economy Grew by 7.2 Percent in Last Quarter, Report Says

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Israel's economy experienced a 7.2 percent growth in the fourth quarter of 2014. Photo: Wikimedia Commons.

JNS.org – Israel’s economy has recovered from the relative slowdown that followed last summer’s Operation Protective Edge in Gaza, generating 7.2-percent growth in the fourth quarter of 2014, the Israeli Central Bureau of Statistics (CBS) said Monday.

The third quarter of 2014 saw growth dip to 0.6 percent due to the Gaza campaign. The latest report pegged the gross domestic product of the business sector, the main growth engine for the Israeli economy, at 8.2 percent, and said that overall, the bleak predictions of negative economic growth—to the tune of negative 0.4 percent in 2014’s third fiscal quarter—were proved wrong.

The enhanced market performance of the fourth quarter of 2014 has been attributed to the rise in dollar rates and to Israeli government assistance for exporters, industrialists, and farmers, among other factors.

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  • American

    Don’t believe those numbers. The Israeli government doctors those numbers the same as our American government does. 🙂

  • Raymond in DC

    “… overall, the bleak predictions of negative economic growth—to the tune of negative 0.4 percent in 2014’s third fiscal quarter—were proved wrong.”

    So once again, I was right and Martin Indyck was wrong. He spoke at a DC synagogue on Yom Kippur afternoon, insisting on the long-term economic damage of the summer war. “Nonsense,” I said to the stranger sitting next to me. After the talk, I reminded him of the resilience of Israel’s economy, as demonstrated back after the war of 2006. The tourists will come back and the economy will recover quickly, I insisted. A pity folks take Indyck and his Israel-bashing seriously.

  • Zyx

    Mazel tov Israel! It should be noticed that Israel is experiencing stellar growth at a time when most of the world is still in crisis. 7.2% is even higher than China. I wish I could see the face of the BDS antisemites right now.

  • David

    Mazel Tov let us be sure it stays in the hands of the Israelis and Likudniks.

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