IMF Forecasts Israeli Economy to Expand 3.8% in 2011

May 3, 2011 at 6:06 pm | Posted in Investment, Israel | Leave a comment
Tags: , ,

The International Monetary Fund recently increased its growth prediction for the Israeli economy to 3.8% in 2011 and 2012.

Israel was cited along with Australia, Canada, Korea, Norway and Sweden, as a country in which economic conditions and underlying price pressures are somewhat stronger than in other advanced economies. The IMF also predicted that unemployment in Israel will drop to 5.5 percent in 2011 and 5 percent in 2012 from 6.7 percent last year.

The Bank of Israel has forecast the Israeli economy to grow 4.5% in 2011 and 4% in 2012. The Israeli economy grew 4.5% in 2010, and reached a 4-year record of 7.7% in the fourth quarter of 2010.

Israel’s Investment Promotion Centre


Leave a Comment »

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at
Entries and comments feeds.