Israel's GDP grew by annualized 4.8% in the fourth quarter of 2009, the Central Bureau of Statistics reported today, in its third estimate of national accounts. The figure is the same as in the estimate published a month ago.
GDP grew by an annualized 3.6% in the third quarter and by 1.3% in the second quarter, after falling by an annualized 2.7% in the first quarter.
Business product and private consumption both rose by an annualized 5% in the fourth quarter.
Looking ahead, the consensus among macroeconomists is 3.5% GDP growth in 2010.
Published by Globes [online], Israel business news - www.globes-online.com - on April 18, 2010
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