Israeli economy grows faster than expected

Israel’s GDP grew by 3% on an annualized basis in the first quarter of 2012, the Central Bureau of Statistics reported today. The growth rate was above the 2.5% growth predicted in Bloomberg’s poll of analysts. Exports for the first quarter of 2012 rose 14%.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000749401&fid=1725

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