BREAKING NEWS

IMF predicts lower Israel GDP growth in 2012

By RON DAGONI / GLOBES

SEPTEMBER 20, 2011 23:10

The IMF predicted Wednesday that Israel's GDP growth will slow to 3.2 percent in 2012 from 4.8% in 2011. The figures appear in the World Economic Outlook for September 2011, published on the eve of the World Bank-IMF Annual Meeting.

The IMF also said that Israel's inflation rate will rise from 2.7% in 2010 to 3.4% in 2011 and fall back to 1.6% in 2012. It predicts that Israel's unemployment will fall from an average of 6.7% in 2010 to 5.9% in 2011 and 5.8% in 2012.

The IMF predicted Iraq will have the fastest GDP growth in the Middle East, at 9.6% in 2011 and 12.5% in 2012.

Egypt, in the wake of the collapse of the Mubarak regime, will see its GDP growth rate tumble from 5.1% in 2010 to 1.2% this year and 1.8% in 2012, mainly due to the slump in tourism.

Israel not expected to attack Iran until after Passover

By JERUSALEM POST STAFF

04/18/2024 07:05 AM

IDF strikes terrorist targets in Rafah

By JERUSALEM POST STAFF

04/18/2024 02:39 AM

Algeria gives UNRWA $15 mln as exceptional fund, state TV says

By REUTERS

04/18/2024 01:51 AM

EU to widen Iran sanctions, including drones, missiles

By REUTERS

04/18/2024 01:14 AM