Israeli economy grew by a whopping 7.2% in 4th quarter of 2014

Israel’s Central Bureau of Statistics reports the Israeli economy’s performance in 4th quarter of 2014 indicates strong recovery from slowdown after summer’s Operation Protective Edge
• Data affirms projections saying Israel’s economy likely to grow during 2015.

By Zeev Klein & Hezi Sternlicht

 

The Israeli economy has recovered from the relative slowdown that followed last summer’s Operation Protective Edge in the Gaza Strip, marking 7.2 percent growth in the fourth quarter of 2014, the Central Bureau of Statistics said Monday.