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19-08-19
Slowdown in Israeli GDP growth to 1 percent
(MENAFN) Israel registered a 1 percent increase in its annual gross domestic product (GDP) from April to June 2019, marking a significant slowdown in the Israeli economy.
An Israeli Central Bureau of Statistics report showed that this comes in comparison to the surge by 4.7 percent in annualized GDP growth rate that was recorded in this year's first quarter.
Back in the fourth quarter of 2018, data noted, Israel reported an annualized GDP growth rate of 4.2 percent.
This major decrease was mostly witnessed as a result of a drop in private consumption during the three-month period following a fall in car imports.
During the period, a 4.6 percent boost was seen in the exports of Israeli products and services, not counting start-up companies and diamonds, from last quarter's 8.3 percent jump.
MENAFN1908201900450000ID1098899097
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