Israeli Growth Surpasses Expectations as Consumption SoarsDavid Wainer
April-June growth rose to 3.7% from 2.2% in previous quarter
Exports grew as private consumption soared 9.5% in 2nd quarter
Israel’s economy grew much faster than expected in the second quarter as consumption soared and exports recovered, backing up the Bank of Israel’s reluctance to stimulate output with unconventional means.
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