CBS: Economy to grow 3.4% again in 2013
Exports, which account for 40% of Israel's economic activity, look to dip marginally this year after slight rise in 2012, Central Bureau of Statistics says
Israel's
economy is on track to grow at a 3.4% rate for the second straight year in 2013, the Central Bureau of Statistics said on Wednesday.
Global Forecast
Ynet and Reuters
International Monetary Fund's growth forecast higher than that of Bank of Israel, which sees 3.6% growth rate this year. In 2014, IMF expect economy to grow 3.3% while central bank predicts 3.4% growth rate
The bureau said its estimate is based on seven to nine months of data.
Exports, which account for some 40% of Israel's economic activity, look to dip marginally this year after a slight rise in 2012.
Private spending, another major growth driver, is estimated to grow 4% in 2013 after a 3.2% gain last year while
investment in fixed assets is estimated to contract 0.6% following a 3.5% rise.
The Bank of Israel last month lowered its 2013 economic growth forecast to 3.6% from 3.8%.
The bureau, in its third estimate, said second quarter gross domestic product grew 5%, up from a previous estimate of 4.9%.
