Recent Economic Developments, 125

28/10/2009
All Press Releases In Subject:
The Economy and Economic Activity

Recent Economic Developments, 125

Overview:

According to the economic data for the review period—May– August 2009—the economy began to recover from the crisis with unexpected celerity. The recovery was powered by a mild increase in domestic demand, the onset of improvement in global trade, and an upturn in optimism abroad. The increase in optimism was tempered by concerns about possible implications of the deficits that most governments are facing due to their costly relief programs, as well as fear that the economic stabilization is based on these programs and does not reflect the beginning of protracted growth. For the Israeli economy to attain a sustainable growth trajectory, the recovery abroad must continue and the aforementioned concerns must wane.

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