Netanyahu says Israel's 2011 economic growth 'impressive'

March 28, 2012 13:48

Prime Minister Binyamin Netanyahu said the 4.7 percent growth of Israel's economy in 2011 was impressive considering the global economic crisis.

Speaking after being officially presented the Bank of Israel's 2011 Annual Report, Netanyahu noted that Israel's economy grew almost 2.5 times the OECD average and that unemployment in the country dropped to its lowest levels in nearly 30 years.

"As I do every year, I promise to closely study this report, the prime minister said. "However, from a first glance, I agree with the assumption that the results of implementing the free education law will be felt and will improve the situation for families in which both parents work and especially those in which the mothers work.  I am encouraged by the increase in the employment rate among ultra-orthodox men even if there is still a long way to go on this issue."

Netanyahu said he was especially pleased by an item in the report that said dimensions of inequality have registered a modest decline. "These are major challenges that my government is faced with."

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