Olmert: Economic growth rate for '06 to reach 4.9%

The economic growth rate for 2006 is predicted to reach 4.9 percent, according to Finance Minister Ehud Olmert. Olmert, speaking at the cabinet meeting on Sunday, noted that the predicted rate of growth would signify a half percent increase from last year. The Finance Minister also predicted that by the end of next year the unemployment rate would stand at 8.5% of the eligible workforce.