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Global Macro-Market Outlook

Israel: September 2010 Outlook Update

By Ayah El Said and Rachel Ziemba
Sep 10, 2010 | Last Updated
Global Economics Outlook, GDP and CPI data for Isreal

  • Export and investment growth has filtered through to stronger domestic demand, supported by credit growth.
  • Easing money supply growth and past normalization will offset housing-led price inflation.
  • Weakening external demand may weigh on export activity and economic growth.

Outlook Update: Boosted by High Tech Exports

Despite the increased uncertainties in the global environment which will dampen Israel’s economic prospects, RGE holds to its forecast of 3.5% in 2010 and 3.3% in 2011 described in our July Outlook update. We expect growth to slow from the Q2 pace of 4.7% q/q[...]

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