Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Israel’s economy stops growing

Economy down-36929_640

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

GDP growth in the second quarter fell to 1.7% on an annualized basis, the same as population growth.

The Israeli economy grew by only 1.7% in the second quarter of 2014 on an annualized basis, the Central Bureau of Statistics reports. This is the slowest rate of growth since the recession in the first half of 2009 and follows growth of 2.8% in the first quarter of 2014.

In effect growth of 1.7% means zero per capita growth with Israel’s population growing by 1.7-1.8% per year.

The rise in GDP in the second quarter reflects a 3.1% rise in private consumption expenditure and a 4.2% rise in public consumption expenditure and investment in fixed assets fell 4.5% and exports of goods and services fell 17.7% on an annualized basis.

Overall sources at the economy’s disposal (from domestic output and imports) rose 1.8% on an annualized basis in the first half of 2014 after rising 4% in the second half of 2013 and rising 2.3% in the first half of 2013.

Imports of goods and services fell 0.1% in the first half of 2014, after rising 6.7% in the second half of 2013.

Published by Globes [online], Israel business news – www.globes-online.com 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News