Israel annual report sees growth and inflation fall


The Bank of Israel Annual Report for 2012 reveals stable unemployment despite a decline in GDP growth rate, while inflation fell back into the target range.

Growth fell from 4.6% in 2011 to 3.1% in 2012, which the report attributes to the negative impact on Israeli exports of a "slowdown in global growth", and an increase in the cost of fuel imports.

Despite the decline, the unemployment rate "remained stable at its lowest level of the past 30 years" at around 6%, the report said. The central

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