MembersIsrael’s Economy Continues to Grow

In the first quarter of 2018, the Israeli economy grew an impressive 4.2 percent, having already gained 4.4 percent in the last quarter of 2017.

By Michael Selutin |
Ashdod
Photo: . Photo: Yossi Zamir / FLASH90

Almost all sectors of the Israeli economy were able to show solid growth rates. Private consumption rose by 10 percent, fixed investment by 12.8 percent and exports of goods and services by 11.4 percent. The hi-tech sector continues to be the growth engine of the Israeli economy, with exports of software and communications products up 26.8 percent in the first three months of this year.

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