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[New York Times] Greg Myre - Despite a month-long war in Lebanon this summer, Israel's economy expanded by nearly 5 percent, the country's third straight year of strong growth. For Israelis, per capita gross domestic product has risen over the last six years from a little over $15,000 a year to around $18,000. At the same time, the Palestinian per capita GDP, which was about $1,800 annually in 2000, plummeted to $1,200 last year and continues to fall. Israel's inflation rate has been averaging less than 1 percent annually for the past five years. 2007-01-01 01:00:00Full Article
Amid Political Upheaval, Israeli Economy Stays Healthy
[New York Times] Greg Myre - Despite a month-long war in Lebanon this summer, Israel's economy expanded by nearly 5 percent, the country's third straight year of strong growth. For Israelis, per capita gross domestic product has risen over the last six years from a little over $15,000 a year to around $18,000. At the same time, the Palestinian per capita GDP, which was about $1,800 annually in 2000, plummeted to $1,200 last year and continues to fall. Israel's inflation rate has been averaging less than 1 percent annually for the past five years. 2007-01-01 01:00:00Full Article
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