Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Israel’s Economic Slowdown More Pronounced Than Initially Reported
Error: Contact form not found.
by JNS.org
The Israeli Central Bureau of Statistics building. Photo: Effi B. via Wikimedia Commons.
JNS.org – Israel’s Central Bureau of Statistics (CBS), which several weeks ago said that the Israeli economy grew at an annualized rate of 1.7 percent during the second quarter of 2014, revised its assessment on Tuesday, saying growth in that quarter was only 1.5 percent on an annualized basis.
According to the agency, the modest growth resulted from private consumption, which experienced a 4.3-percent rise, as well as a 3.2-percent increase in government spending. These factors, the CBS said, helped Israel maintain a growth trajectory despite an economic slowdown. By comparison, the Israeli economy grew at an annual rate of 2.7 percent in the first quarter of 2014 and 2.5 percent in the last quarter of 2013.
A CBS official said that increased consumer activity—which is usually associated with the High Holidays—came early this year as a result of Operation Protective Edge, noting that private consumption recovered and even grew once the operation ended. Retailers whose revenues suffered during the Gaza campaign saw sales bounce back after the cease-fire was announced, a trend evidenced by a surge in credit card transactions in August.
