Israeli economy grew at just 1% in Q2 2019


According to the first estimate by Israel’s Central Bureau of Statistics, the economy grew by just 1% on an annualized basis in the first quarter of 2019. This reflects a sharp slowdown from 4.7% in the first quarter of 2019 and 4.2% in the fourth quarter of 2018. The sluggish growth in the second quarter of 2019 results from a steep fall in public consumption and investment in fixed assets, which were impacted by a major drop in vehicle imports.

Israel’s economy grew by 3.6% in the first half of 2019 on an annualized basis, compared with 3.5% in the first half of 2018.









Published by Globes, Israel business news – en.globes.co.il – on August 18, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019


Source Article from https://en.globes.co.il/en/article-israeli-economy-grew-at-just-1-in-q2-2019-1001297561

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