Business risk at 4-year low

Overall figures for the economy put the December risk index at 5.70, its lowest level since March 2002, showing improvement from 5.75 in November and from 5.95 in December the previous year.

By AVI KRAWITZ
January 9, 2007 08:10

 
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The risk level of businesses in danger of closing at the end of 2006 was the lowest in four years and was expected to continue to improve further this year, research company Business Data Israel said Monday. "The combined risk index in 2006 points to the strength and stability of the Israeli economy," said Tehila Yanai, co-CEO of BDI. "Business risk will continue to improve in 2007 on condition that their won't be any dramatic political events." Yanai noted, nevertheless, that the major events of 2006, including the war in Lebanon, elections in Israel and the Palestinian Authority and the changes in credit available to businesses failed to shock the economy or influence economic indexes. Overall figures for the economy put the December risk index at 5.70, its lowest level since March 2002, showing improvement from 5.75 in November and from 5.95 in December the previous year. The average risk in the economy grew 3.8% in 2006 as the average index stood at 5.84 for the year.

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