Israel’s Economy Performing Better Than Expected

Market displays on a monitor show the latest international currency rates, in green, and fluctuations in the Israeli stock market, as a broker keeps an eye on the news of Israeli Prime Minister Ariel Sharon's slightly improved health in the trading room of the First International Bank of Israel January …
David Silverman/Getty

The Algemeiner reports: Israel’s economy is performing better than previously expected, the country’s Central Bureau of Statistics (CBS) reported Thursday, updating its annualized growth projection for 2016.

In the third CBS projection update since January, the anticipated economic growth rate was changed to 4.3 percent, an increase of 0.3 percent over previously released annualized growth expectations of Israel’s gross domestic product.

According to the CBS, GDP rose by 3.2 percent in the first half of 2016, reflecting a 9.9 percent increase in private consumption, an 8.6 percent rise in public consumption, and a 13.7 percent rise in exports of goods and services.

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