US EditionIsrael GDP gains annualised 12.4% in Q3
Private consumption jumped 23% and investment soared 36.9%, driving a strong economic recovery after a war-linked contraction, Central Bureau of Statistics reported.
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If economic performance had declined in the second quarter, Israel's economy is picking up again. GDP grew by 12.4 percent in the third quarter on an annual basis.
Israel GDP gains annualised 12.4% in Q3
JERUSALEM (Reuters) -Israel’s economy grew an annualised 12.4% in the third quarter, the Central Bureau of Statistics said on Sunday, in data that showed a bounceback from a weak second quarter that was hit more by the Gaza war. The gain in gross domestic product in the July-September period topped a Reuters consensus of an 8% expansion and was led by broad-based gains led by consumer spending, exports and investment. GDP in the second quarter w…
Growth is significantly exceeding analysts' expectations: Despite the Gaza war and the military intervention against Iran, Israel's economy is performing exceptionally well. The national currency, the shekel, has reached a three-and-a-half-year high.
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