News / Economic Divide

Israel’s economy on decline

Friday, 20 March 2015 8:58 AM [ Last Update: Friday, 20 March 2015 8:57 AM ]

Israel Prime Minister Benjamin Netanyahu

Official figures showed that Israel’s economy had contracted in the third quarter of 2014.

According to the statistics released by the Israeli regime’s Central Bureau of Statistics (CBS), gross domestic product (GDP) fell at an annual rate of 0.4 percent in the three months to the end of September.

The figures also showed a decline in Israel’s business output as well as investment in its residential construction in the third quarter of 2014 by 1.4 percent and 2.1 percent, respectively.

They further indicated a drop in exports of goods and services by 4.4 percent in the aforesaid period.

On this edition of the Economic Divide, we discuss the current economic situation in Israel.

KQ/MKA

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