Sunday, October 10, 2010

Actually, there is good news ...

For a long time the only positive news out of Israel was economic news. Then the global financial crisis hit and Israel was pulled down just like everyone else.

Well, now it seems that Israel has pulled itself back up again. Even the IMF has noticed.

The International Monetary Fund (IMF) forecasts 4.2% GDP growth in Israel in 2010, up from 0.8% growth in 2009. The optimistic forecast is contained in the IMF's bi-annual World Economic Outlook report which was published today on the eve of the IMF conference in Washington DC.

The IMF forecast is higher than the Bank of Israel's 4% prediction, which was issued on September 29, having been revised upwards from its 3.7% forecast in April.
Read the whole thing.

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