As expected, Israel’s GDP grew at a very moderate pace in the third quarter; moderate growth pace is expected to continue through most of 2014
According to the initial estimate on national accounts data, GDP increased by an annualized rate of 2.2% in the third quarter of 2013 (constant prices, excluding seasonality). This is the lowest growth rate since the first quarter of 2009. Analysis of the quarterly GDP data over recent years shows a continuing trend of moderation in the growth rate of the Israeli economy.
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