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April 19, 2015 7:26 pm

Israeli Economy Saw Massive 7 Percent Growth in Fourth Quarter of 2014

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Israel's economy grew by 7 percent in the fourth quarter of 2014.

JNS.orgThe Israeli economy grew 7 percent in the last quarter of 2014, its highest rate of growth in recent years, Israel’s Central Bureau of Statistics reported.

In the third quarter of 2014, the Israeli economy grew only 0.3 percent while the war with Hamas was ongoing. The economy grew 1.5 percent in last year’s second quarter. By the end of 2014, Israel’s total economic value crossed the trillion-shekel threshold and reached its highest-ever amount: 1.09 trillion shekels ($278 billion).

Also in the fourth quarter of 2014, new car purchases jumped 75.5 percent in Israel, while purchases of refrigerators, televisions, washing machines, and dryers all increased about 22 percent. Purchases of clothing and footwear increased 10.3 percent, while spending on airfare for trips abroad rose 8.1 percent. The growth figures indicate that Israel’s military operation in Gaza took a smaller-than-expected toll on the country’s economy.

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  • such numbers are obviously interesting but should come with numbers about budget deficit for the same period..

  • Atilla

    Further vindication ( as if any was needed..) of PM Netanyahu’s policies.

  • 10

    GOD OWNS ONLY POSITIVE WORDS AND MAKES IT TRAVEL TO MAKE GOOD NEWS SO STAY AWAY FROM NEGATIVE WORDS ESPECIALLY RELATED TO 70 YEARS AGO. GOD HAS BEEN CLEANING UP THE JEWISH NAME.

  • David L Fried

    Is the 7% growth in the last quarter an annualized rate or is it a full 7% growth for the last quarter over the previous quarter, or over the same quarter a year ago? It sounds as though you are saying it was a full 7% growth for the quarter — which if you keep it up for the next three quarters would amount to more than 28% for the year. Which is it?

  • Sofia

    Congratulations Israel, you are the Innovation for the world to envy.

  • spk truth

    If Israels economy is so great, why did they get $16BILLION from the Sauds….?

    • Neil D. Chase

      Must have been for products and services.

    • Mandrake

      To spk truth: It must not be because they like the Jews. What did the Saudis get in return? Did you check this out spk truth?

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