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Israel’s economic growth defies experts
By Tobias Buck in Jerusalem Published: November 4 2007 23:15 | Last updated: November 4 2007 23:15 While Israeli and Palestinian negotiators grope their way towards a US-sponsored peace meeting in Annapolis later this year, investors and economists are struggling with a different problem: how to justify the strength of the Israeli economy. Last year’s botched war in Lebanon, the escalating conflict with Islamist militants in the Gaza Strip, the threat of Iran’s nuclear programme and the weakness of an unpopular and fractious government at home – nothing has so far managed to throw the economy off its high-speed track.......... Serhan Cevik, an analyst with Morgan Stanley, points out in a recent report that global growth has so far offset all political shocks to the Israeli economy. “But that does not mean full immunity forever,” he adds.

("FT.com / In depth - Israelâ€™s economic growth defies experts." 05 Mar. 2009 []) By Motti Bosik Although Israel’s central bank believes that they will have a negative growth of 1.5% this year they do see positive growth in the years to come. More precisely they see an increase of 2.3% in 2010. They believe this trend will continue through 2011 at 4% and be even more successful with a positive growth of 5% or more in 2012. "The department's report says that even if the government does manage to limit expenditure growth to 1.7% a year, as it's supposed to do under the law, then Israel's debt-to-GDP ratio (which has fallen to 78.1% in 2008) will shoot up anew, to 85.7% this year, and rise again to 87% in 2010. After that, the ratio should decline, the department writes." The Bank does believe that the government may decrease the banks spending in 2010, but a positive will follow with extensions of entitlement for jobless benefits. Lastly, the bank believes there will be an unemployment rate of 7.8% this year. ([]) Copyright The Financial Times Limited 2009
 * Bank of Israel Optimisticly Sees Economic Rebound In 2010**

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