Economy rebounded from Protective Edge with 7.2% growth in 4th quarter

Israel’s economy rebounded dramatically in the fourth quarter of 2014, growing an annualized 7.2% after Operation Protective Edge helped slow growth in the third quarter to .6%, according to the Central Bureau of Statistics.

All in all, the annualized growth in the second half of 2014 was 2.6%, similar to the 2.7% in the first half of the year, but lower than the 3.4% growth in the second half of 2013.

Growth in the second half of 2014 was fueled by a 7.9% increase in public spending and a 5.4% increase in private consumption. But export of goods and services only grew .6% and investment in capital stock fell 1.9%.


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