RAMALLAH, Jan 10 (JMCC) - Driven by consumer spending and a rise in private investment, Israel
’s economy grew about 3.9 percent in the last quarter, according to the Bank of Israel. It anticipates an inflation rate of 2.6 and a GDP budget deficit of 3.5 percent, 2 points under the government's 5.5 deficit ceiling. “Continued GDP growth derives from a faster increase in private consumption and fixed investment, with a more moderate increase in exports,” the Jerusalem-based central bank said in minutes of its Dec. 27 interest rates meeting that were sent by e-mail today. The bank held its benchmark rate unchanged at 2 percent at the meeting.
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