Firing ‘On All Pistons’: Israeli economy grew at 5.2% blowing by analyst forecasts
More humiliation for the Boycott Jews Movement (BDS). Israel’s economy is going to Pluto. Congratulations to the indomitable Israeli people, who defy logic every day. Am Yisrael Chai!
Firing ‘On All Pistons,’ Israel Booms at Fastest Pace Since 2016,
By: Ivan Levingston: Bloomberg, May 16, 2019,
Israel’s economy expanded at its fastest pace in three years, blowing by analyst forecasts and far exceeding the central bank view of the country’s potential growth.
Gross domestic product rose 5.2% in the first quarter from the previous three months on an annualized basis, the Central Bureau of Statistics said on Thursday. That was better than every estimate in a Bloomberg survey of six economists, whose median was 3.1%. It’s also a jump from an upwardly revised 3.9% gain in October-December.
“The breakdown was very positive, so you’re running on all pistons,” said Leader Capital Markets Ltd. economist Jonathan Katz. “The Bank of Israel will now have to say that in Israel there are signs of growth above potential.”
The surprise spurt could lend momentum to the central bank’s intention to resume interest-rate increases following its first hike since 2011 last November. The shekel strengthened against the dollar and euro after the data release.
The monetary committee’s next policy meeting is on Monday. In April, the central bank’s research department slightly lowered this year’s growth forecast to 3.2%, amid a darkening global outlook. In its assessment, the accelerating expansion Israel has experienced in recent years has already been maxed out.
An important contributor to the positive surprise was an increase in car imports in the first quarter, spurred by a tax change, according to Katz. That was largely responsible for the gap between the overall 5.2% jump and the increase of 3.7% in GDP excluding net taxes on imports, he said.
Source: https://gellerreport.com/2019/05/israel-boom.html/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).