Israeli Economic Growth Exceeding Expectations

THE ALGEMEINER –  Israel’s economy is performing better than previously expected, the country’s Central Bureau of Statistics (CBS) reported Thursday, updating its annualized growth projection for 2016.

In the third CBS projection update since January, the anticipated economic growth rate was changed to 4.3 percent, an increase of 0.3 percent over previously released annualized growth expectations of Israel’s gross domestic product.

According to the CBS, GDP rose by 3.2 percent in the first half of 2016, reflecting a 9.9 percent increase in private consumption, an 8.6 percent rise in public consumption, and a 13.7 percent rise in exports of goods and services.

The government’s civilian spending increased by 3.7 percent, while defense spending was up by 2.4 percent, the data showed.

The improvement in the standard of living in Israel was reflected in private consumption. Annualized spending on food, beverages, cigarettes and alcohol increased by 5.3 percent per capita in the first half of 2016; investment in financial instruments rose by 8.4 percent; household spending on furniture, appliances and private vehicles surged by 21.4 percent; and household spending on jewelry was up 9.9 percent.

  1. #1 by Isaac on 10/16/2016 - 4:12 pm

    Of course they are doing better than any one else thanks to the traitor American politicians who give Israel billions of dollars a year out of the impoverished American citizens.We have 50 million Americans on food stamps and another 50 million Americans who can’t find jobs. But our traitor Congress give this criminals more than 15 billion a year plus all kinds of military equipment including nuclear bombs, biological and chemical weapons which they use on the Palestinian people on a regular basis. What kind of country we have become?. And Trump is going to fix it???? His running mate Penn is a hard core Zionist and the House Demo. or Repu. are against him, so do not expect that he can fix many things if the Jews do not want. But Hell-ary will take us directly into the WWIII.

  2. #2 by jbsearch4meaning on 10/17/2016 - 5:54 am

    If the mighty American People who are the best educated, the hardest workers, the most producer of Noble Prize winners, the self claimed most democratic government on earth, the people who gave the world the Bill or Rights, and a government from the people by the people for the people… if this people can’t fix their OWN political system, what can the Saudis, or the Jordanians, or the Palestinians…. and the rest of us slaves do? Die? Sigh? or just Cry all the way home?

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