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IMF Predicts Greater Growth In Israel than In US and EU
Reported: 13:03 PM - Apr/10/08
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(IsraelNN.com) The International Monetary Fund (IMF) predicts Israel will have a significantly higher growth rate than most European and North American countries in 2008. The IMF published its predictions in its semiannual global growth forecast on Wednesday. The IMF predicts 3 percent growth in Israel during 2008, with the Bank of Israel predicting 3.2 percent. Both institutions predict a 3.4 percent growth rate in 2009.
The United States is expected to grow by less than 1 percent, the EU by 1.2 percent, Japan by 1.5 percent, and the UK by 1.6 percent.
The IMF predicts that Israel will have 2.6% inflation in 2008 and 2% in 2009.
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