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Israel’s economy grew in the fourth quarter of 2016 6.2%

Central Bureau of statistics of Israel published the preliminary data on growth rate of the economy in the fourth quarter significantly exceeded forecasts.

GDP growth in October-December of 2016 amounted to 6.2% yoy, while GDP growth in the second half – 5% per annum.

Public consumption grew in the second half at 3.5%, private consumption by 4.9%, export of goods and services excluding diamonds and start – UPS-4.5% and investments in the real sector of the economy – 10.2%.

Israel’s economy grew in the fourth quarter of 2016 6.2% 16.02.2017

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