ISRAEL HAYOM
by Zeev Klein
April 19, 2015

The Israeli economy grew 7% in the last quarter of 2014, the highest rate of growth in recent years, the Central Bureau of Statistics reports. The 7% growth in Q4 of 2014 represents a stark contrast to the 0.3% growth in the third quarter of the same year — when Operation Protective Edge was under way — and a mere 1.5% in Q2. Total economic growth for 2014 stood at 2.8%, compared to total growth of 2.7% for all of 2013. In general, the numbers indicate a real improvement in the economy in the last quarter of 2014: Israel’s total economic value crossed the trillion shekel threshold and reached its highest-ever amount: NIS 1.09 trillion ($278 billion). Per capita economic growth grew by 5% in Q4. READ MORE