Bank of Israel raises market growth estimate for 2011
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The Bank of Israel has raised its growth estimate for the Israeli market in 2011 to a rate of 5.2% from a rate of 4.5% that was estimated in March. Bank elements also estimated that in 2012, the market will grow at a rate of 4.2%. The unemployment rate is expected to decrease to 5.8%. (Avital Lahav)