Israeli growth better than expected

Wednesday 29 Dec 2010

Exports and economy in Israel are recovering better than expected after a sluggish year, Central Statistics Bureau figures show

israel economy
Israel's economy grew in 2010 after a sluggish performance a year earlier. (photo AP)

Israel’s growth rate is 4.4 per cent in the third quarter of 2010, higher than the anticipated rate of 3.8 per cent, announced the Central Statistics Bureau on Wednesday.

The economy grew at 4.5 per cent (on a year-on-year basis), in 2010 after a meagre growth of 0.8 per cent a year earlier.                                     

Exports, which represent 45 per cent of the gross domestic product, grew at 12.6 per cent, after retracting at the same rate a year earlier.

 

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