GDP growth in the Israeli economy has come to a virtual standstill. The Central Bureau of Statistics has revised second quarter growth figures down to 0.1%, on an annualized basis, from its original estimate last month of 0.3%. GDP growth was 1.8% in the first quarter of 2015 and 6.1% in the fourth quarter of 2014.
In the second quarter of 2015, private consumption rose by 0.6%, and expenditure on public consumption rose 0.4%, while investments in fixed assets fell 3.4%, and exports of goods and services, not including startups and diamonds, fell 11.9% on an annualized basis.
GDP, according to fixed prices and taking into account seasonal influences, rose 2.5% in the first half of 2015 on an annualized basis (revised down from 2.6% in the previous estimate), after rising 2.5% in the second half of 2014 and 2.4% in the first half of 2014. GDP without net tax on imports rose 3% in the first half of 2015 on an annualized basis, after rising 2.2% in the second half of 2014, and 2.5% in the first half of 2014.
Published by Globes [online], Israel business news - www.globes-online.com - on September 17, 2015
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