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Goldman Sachs Sees Israeli Growth Higher

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Monday, August 23rd, 2010

Goldman Sachs projects higher economic growth for Israel in 2011 than Israeli leaders have so far estimated. Goldman Sachs analyst Ahmet Akarli predicts 3.5% real GDP growth for Israel in 2010 and 4.3% growth in 2011.

The Bank of Israel currently predicts 4% growth next year, and the Ministry of Finance predicts less than 4% growth. Israeli economic leaders project lower growth forecasts for the next two years, due to the anticipated impact from the debt crisis in Europe.

Akarli forecasts 2.4% inflation for the full years of 2010 and 2011.