Israel’s economy shot up in the final three months of 2016 and looks set to have grown annually by 4 percent, easily outstripping the central bank’s expectations.
A surge in Palestinian attacks in Israel is raising concerns that the weakening economy could eventually be pushed into recession.
The Israeli economy grew by a surprisingly brisk 5.1% in the second quarter of 2013, in parallel with a steep increase in consumer spending, according to Central Bureau of Statistics figures released on Sunday.