[Financial Times-UK] Tobias Buck - Israel's economic growth is forecast to reach 5.2% this year. Unemployment has fallen steadily, and now stands at 7.8% - down from almost 11% four years ago. The economic strength reflects two broad, long-term trends. The first came in the form of tax cuts, lower welfare spending, privatizations and capital market reforms implemented since 2003. The second change has to do with Israel's successful integration into the global economy - which has proved an increasingly receptive market for its exports of high-technology products, manufactured goods, pharmaceuticals and services such as consulting.
2007-11-06 01:00:00Full ArticleBACK Visit the Daily Alert Archive