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 aodenheimer@bloomberg.net

To contact the editor responsible for this story: Jonathan Ferziger at jferziger@bloomberg.net

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