Bank of Israel forecasts higher growth and inflation in 2012


In the first quarterly report to be released in 2012, the Bank of Israel indicates it expects the economy to grow by 3.1% in 2012, while inflation will remain above the midpoint of the target range at 2.6%.

The new growth forecast is 0.3% above the estimate the central bank published in the previous quarterly report, published in December 2012.

The impact of recession in Europe and the depreciation in the value of the shekel will have a significant impact on the economy, with the rate of

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