Bank of Israel review shows mixed economic outlook

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A review of recent economic developments, published by the Bank of Israel on June 17, gives a mixed assessment of the outlook for the Israeli economy.

The review, which covers January to April 2012, says business activity over the period grew at a moderate rate, with GDP growth of 3%. This rate is below potential, the review says, reflecting concerns over the eurozone and a slowdown in global growth.

There were some positive signs, however, the review notes. "Since the beginning of the year

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