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Israeli economy grew 7.8% in Q4 2010

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Monday, February 28th, 2011

As reported in Port 2 Port:

Gross Domestic Product was up 5.4% in H2 2010, compared to 5% in H1 and 3.4% in H2 2009. Business growth increased by 6.1% in H2 2010

Numbers released last Wednesday by the Central Bureau of Statistics indicate that Israel’s economy grew at its fastest rate in four years in Q4, 2010, achieving growth of 7.8% in annualized terms for the quarter.

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