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News Briefs

  Elul 8, 5767 , 22/08/07

Economy Surges Ahead but Vulnerable to U.S.

The Israeli economy grew at the pace of six percent in the first six months of 2007, higher than expected, according to government statistics released Wednesday. However, Morgan Stanley analysts warned that the "the Israeli economy is highly exposed to what happens in the United States", the destination for 40 percent of Israel's exports.

Its latest reports explains, "The Israeli economy is highly exposed to what happens in the U.S. Indeed, its growth correlation with the US economy increased from -0.15 in the 1990s to 0.76 between 2001 and last year."

Other archived news briefs:Aug 22 2007, 04:29 PM, 8/22/2007