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Israel says economy grew 4.5 percent in 2010

Israel says economy grew 4.5 percent in 2010

Israel says its has the fastest growing economy in the developed world.
Spokeswoman Yale Natan of Israel's Central Statistics Bureau said Thursday the country's economy grew by 4.5 percent in 2010, higher than the 2.7 percent average in the Organization for Economic Cooperation and Development.
Israel joined the exclusive club of prosperous economies this year.
Natan said Israel's imports and exports showed double-digit growth, and unemployment stands at 6.7 percent.
Conservative banking and market policies have helped Israel weather the world financial crisis.
The International Monetary Fund gave Israel high marks last month, while warning that skyrocketing housing prices and extensive ties to overseas markets could make it vulnerable.


Updated : 2021-03-05 21:48 GMT+08:00