Friday, May 26th | 1 Sivan 5777

Close

Be in the know!

Get our exclusive daily news briefing.

Subscribe
May 18, 2016 10:42 am

Israeli Economy Experiences Relatively Slow Growth in First Quarter of 2016

avatar by JNS.org

Email a copy of "Israeli Economy Experiences Relatively Slow Growth in First Quarter of 2016" to a friend
Shekel coins. The Israeli gross domestic product (GDP) grew 0.8 percent in this year’s first quarter. Photo: Wikimedia Commons.

2-shekel coins. The Israeli gross domestic product (GDP) grew 0.8 percent in this year’s first quarter. Photo: Wikimedia Commons.

JNS.org – Israel experienced a relatively slow rate of economic growth in the first quarter of 2016, according to figures released Monday by the country’s Central Bureau of Statistics (CBS).

The Israeli gross domestic product (GDP) grew 0.8 percent in this year’s first quarter, falling well short of the Bank of Israel’s projected a growth rate of 2.8 percent for that period.

Israeli exports declined by 12.9 percent in the first quarter, though some notable areas of growth included private consumption (4 percent) and investment in fixed assets (7.5 percent).

Related coverage

May 25, 2017 12:53 pm
0

Netanyahu Presented With Plan to Transfer Some Eastern Jerusalem Neighborhoods to Palestinian Municipal Control

JNS.org - Knesset member Dr. Anat Berko (Likud) has presented Prime Minister Benjamin Netanyahu with a plan to separate some...

“The GDP data should be a wake-up call to the [Israeli] government,” said Idan Azoulay, the head of mutual funds at the Epsilon investment firm, according to the Jerusalem Post.

The CBS figures, however, are preliminary and could be revised later.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner

Algemeiner.com