Tuesday, August 17, 2010

(NEWS) Israeli Economy Surprises With Pace Of Growth

"Israeli economic growth unexpectedly accelerated to its fastest pace in more than two years.

Exports and consumer spending increased, helping to sending up growth in the second quarter by an annualized 4.7 percent, Bloomberg reported.

The expansion rate rose from a revised 3.6 percent in the first quarter, the Jerusalem-based Central Bureau of Statistics said Monday on its website."

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