Israel’s economic growth slowed in Q3 2018 to an annualised rate of 2.3%, compared to analysts' estimates of 2.8%, and performed worse than expected in Q2 2018, recording 1.2% growth, down from a Central Bureau of Statistics’ (CBS) estimate of 1.8%. Annualised GDP increased 3.7% for H1 2018, compared to CBS forecasted growth of 4.2%. Continued slowdown could worsen government finances, which have already been hit by a fall in tax revenue. The economy grew at its slowest pace since Q1 2009, with the contraction being driven mainly by weakness in consumer spending as well as weak business investment.
Israel’s economic growth slowed in Q3 2018 to an annualised rate of 2.3%, compared to analysts' estimates of 2.8%, and performed worse than expected in Q2 2018, recording 1.2% growth, down from a Central Bureau of Statistics’ (CBS) estimate of 1.8%. Annualised GDP increased 3.7% for H1 2018, compared to CBS forecasted growth of 4.2%. Continued slowdown could worsen government finances, which have already been hit by a fall in tax revenue. Meanwhile, exports rose 7.2% in Q3 2018, while imports fell to 2.1%, CBS has reported.