Economic recovery continues at slower pace in 3rd quarter

November 8, 2010 15:58

The economy continued to improve during the third quarter of 2010, but at a slower pace than in the second quarter, according to a report released by the Finance Ministry on Monday.

The quarter saw continued stability in the job market with virtually no change in the unemployment rate.The rate of inflation for the past 12 months stayed within the accepted range.

There were some negative trends in key fields during the third quarter that can potentially hurt the pace of the economy's recovery. Exporting of Israeli products and services saw a big drop off during the quarter.

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