Israel's economic recovery accelerates

The Central Bureau of Statistics reported that GDP grew at 4.4% in the fourth quarter of 2009.

The Central Bureau of Statistics today reported that Israel's GDP grew by 4.4% at an annual rate in the fourth quarter of 2009. GDP grew on a seasonally adjusted basis by 2.9% at an annual rate in the second half of last year, after a 1.6% fall in GDP at an annual rate in the first half of 2009.

The 4.4% rise in GDP in the fourth quarter of 2009 followed a 3% rise in GDP in the third quarter and a 1.2% rise in the second quarter.

The Central Bureau of Statistics reported that in the second half of 2009 public expenditure rose 3.2%, private consumption rose 6.1%, investment in fixed assets rose 1.9% and exports of goods services rose 11.2%.

Public expenditure rose 6.1% at an annual rate in the second half of 2009, after falling 0.1% in the first half of 2009.

Published by Globes [online], Israel business news - www.globes-online.com - on February 16, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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