IMF: Israeli economy to grow only 2.8% in 2012
The International Monetary Fund published its annual report on the Israeli economy. The fund anticipates a growth of 2.8% in 2012, lower than the treasury's growth forecast (3.2%) and the Israeli bank's forecast (3.1%).
The report stated, however, that the Israeli economy is stable due to a high rate of foreign investments, strong regulation, a low unemployment rate and a shrinking external debt. The report further speculated that Israel could become an important gas exporter in the coming years. (Avital Lahav)
