Israel's GDP seasonally-adjusted growth rate slowed to an annualized 2.5% in the fourth quarter of 2012 in constant prices, from 2.8% in the third quarter and 2.9% in the second quarter the Central Bureau of Statistics reported today. The growth rate slowed to an annualized 2.8% in the second half of 2012 from 2.9% in the first half and 3.3% in the second half of 2011.
The Central Bureau of Statistics revised its GDP growth figure for 2012 from 3.3% to 3.2%.
Equally worrying to the slowing growth rate was the 7.3% slump in investment in fixed assets (excluding ships and planes) in the second half of 2012, the 1% drop in the standard of living, and the 1.6% drop in exports of goods and services.
Published by Globes [online], Israel business news - www.globes-online.com - on February 17, 2013
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