Economics
Israeli Economy Grows 2.3%, Reflecting Global Deceleration
- Private consumption, public spending drive quarterly growth
- Figures for first and second quarter GDP revised downward
This article is for subscribers only.
Israel’s economy grew 2.3 percent in the third quarter of the year, far slower than the strong expansion seen in the second half of 2017 but more in line with its long-term potential, economists said.
The data came in below the median expectation for 3 percent growth in a Bloomberg survey, and the figures for previous quarters were revised downward. The data had little impact on the stock market, with the benchmark TA-35 Stock Index up 0.5 percent to 1643.15 as of 1:53 p.m. in Tel Aviv. The yield on the 10-year government bond was down 3 basis points to 2.07 percent.