The Bank of Israel has revised its GDP growth forecast for 2012 upwards to 3.1% from its previous forecast of 2.8%. The Bank of Israel also said that it expects growth to climb to 3.5% in 2013. Recent positive indicators triggered the upgrade, including latest import and export figures.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000736620&fid=1725