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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Noel de Leon who wrote (130179)	4/27/2004 11:14:37 AM
From: Nadine Carroll	Read Replies (1) \| Respond to of 281500

Israel pulled out of recession in 2003. It's more meaningful to look at Israeli figures in NIS, so the changes in the dollar-NIS exchange rate doesn't confuse the figures: After two-year contraction - GDP up 1.2% in 2003 Not all economic indicators were positive. GDP per capita fell 0.6%. Zeev Klein 31 Dec 03 10:32 Israel's economy has moved from contraction to expansion. GDP rose 1.2% in 2003, after declining for two years. Business product rose 1.5%, after falling sharply in 2001-02. On the other hand, GDP per capita declined 0.6%. The cumulative fall in GDP per capita over the past three years is 7%. Despite the positive growth in 2003, Israel's standard of living remained unchanged, after falling 2% in 2002. Despite the economic growth, not all economic indicators were positive, especially investment. Total investment in fixed assets fell 4%, as did investment in residential construction. Investment in industrial sectors also fell by a similar amount. globes.co.il