News Briefs

  כסלו 16, 5768 , 26/11/07

Economy Keeps Chugging Along

The Israeli economy grew in the third quarter at an annual rate of 6.1 percent, the 17th straight quarter of growth. The economy has grown 24 percent since 2003, the longest growth period since the re-establishment of the State of Israel.

The expansion has been accompanied by a rare occurrence of near zero inflation, although the low consumer price index the past year has been kept low primarily because of the strong shekel despite rising food and energy costs.

Another good sign for the economy is that exports grew almost three times the rate of imports.

Other archived news briefs:Nov 26 2007, 10:31 AM, 11/26/2007