TITLE

Israel: Out Of Recession, But Not Out Of The Woods Just Yet

PUB. DATE
August 2009
SOURCE
Emerging Markets Monitor;8/24/2009, Vol. 15 Issue 20, p19
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
This article reports that Israel is recovering from recession, but gross domestic product (GDP) is still forecasted to contract at 1.0% in 2009. From 3.2% GDP contraction in first quarter (Q1), second quarter (Q2) figures showed positive recovery at 1.0%. Although export earnings took a turn from -27.2% in Q1 to 5.8% in Q2, third quarter (Q3) trade figures is forecasted to slowdown. Private consumption also performed well from -3.9% in Q1 to 4.4% in Q2, but with rising unemployment expected until end of 2010, consumer spending is likely to slowdown.
ACCESSION #
43994576

 

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