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. RELATED ARTICLES Israel Q1 growth revised upwards 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
