Israel Quarterly GDP Growth Misses Estimates as Exports Plunge
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Israel’s economic expansion slowed in the second quarter as exports plunged almost 18 percent, fueling speculation that the central bank may cut interest rates again to spur growth.
Gross domestic product grew 1.7 percent, compared with a revised rate of 2.8 percent in the first three months of the year, the Central Bureau of Statistics in Jerusalem said yesterday. The median estimate of five economists was for a growth rate of 2.7 percent, according to data compiled by Bloomberg.