Netanyahu says Israel's 2011 economic growth 'impressive'

By JPOST.COM STAFF
March 28, 2012 13:48

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

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."

Related Content

Breaking news
July 18, 2018
American University on lockdown, reports of armed intruder nearby

By REUTERS