Sunday, May 27, 2007

Israeli Economy Grew at Annual 6.3% in First Quarter on Spending, Exports

(Bloomberg) -- Israeli gross domestic product
expanded an annualized 6.3 percent in the first quarter, a slower
rate than the preceding three months, paced by consumer spending
and exports of goods and services.

The rate eased from a revised 7.3 percent increase in the
fourth quarter, when the economy rebounded from a slowdown caused
by last year's Lebanon conflict, the Jerusalem-based Central
Bureau of Statistics said on its Web site today. The median
forecast of six economists in a Bloomberg survey had been for 6.4
percent annualized growth.


Read more at Bloomberg Emerging Markets News

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