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midastouch017

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midastouch017

Re: None

Sunday, 10/23/2005 9:07:04 AM

Sunday, October 23, 2005 9:07:04 AM

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“The Economist”: Israeli economy to grow 4.1% in 2006

The Economist Intelligence Unit updated its growth forecast for 2007 to 4.2%.

Idan Rabi 23 Oct 05 13:22

The Economist Intelligence Unit (EIU) predicted that the Israeli economy would grow 4.1% in 2006, and updated its forecast for 2007 to 4.2%.
The EIU agrees with the widely held opinion that elections in Israel will be brought forward. It assumes, however, that if the Israeli-Palestinian conflict does not erupt, Prime Minister Ariel Sharon will be able to win the elections.

The EIU predicts that state tax revenues, which have been rising continuously in recent months, will make it possible to keep Israel’s 2005 fiscal deficit below 3.4% of GDP.

Other reasons for the EIU’s optimism include a change in trend in Israel’s economy, structural reform, and privatization.

Published by Globes [online] - www.globes.co.il - on October 23, 2005


http://www.globes.co.il/serveen/globes/DocView.asp?did=1000021847

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