Quarterly GDP revised down

17.07.2012                      27.Tammus. 5772

Volkswirtschaft:

Quarterly GDP revised down

The new figure marks the fifth consecutive decline in GDP growth since it peaked at a 7.4% rate in the final quarter of 2010.

Israel's economy grew more slowly in the first quarter than had previously been estimated, the Central Bureau of Statistics reported on Monday.
The gross domestic product actually expanded at a 2.7% annual rate in the first three months of the year, according to the CBS, which lowered the figure for a second time since publishing a preliminary estimate of 3% two months ago. It later issued a revised estimate of 2.9%….