OECD estimates Israel growth rate to drop to 3.7%
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The Organization for Economic Cooperation and Development (OECD) estimates that the Israeli economy's growth rate will be 3.7% in 2013, slightly lower than its May forecast of 3.9%.
These forecasts are nearly identical to the ones posted by the Bank of Israel and Finance Ministry – 3.8%. The organization recommends that the government pursue its budertary restraint policy although the State's income will be higher than expected this year and its expenses will be lower. (Ran Abramson, Calcalist)
