Photographer: Ahikam Seri/Bloomberg

Israeli Growth Surpasses Expectations as Consumption Soars

  • 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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