Israel 2012 Growth Forecast Cut to 3% From 3.5% at Bank Hapoalim

The Israeli economy is likely to grow by 3 percent in 2012, Bank Hapoalim Ltd. said, cutting its forecast from an earlier 3.5 percent, according to an e-mailed statement today. The government’s budget deficit may be as high as 4 percent of gross domestic product next year, it said.

To contact the reporter on this story: Alisa Odenheimer in Jerusalem at

To contact the editor responsible for this story: Jonathan Ferziger at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.