Israel’s economic growth slowed in Q3 Q2 2018 to an annualised rate of 2.3%, compared to analysts' estimates of 2.8%, and performed worse than expected in 2018Q2 2018, recording 1.2% growth, down from a Central Bureau of Statistics’ (CBS) estimate of 1.8%. Annualised GDP increased 3.7% for H1 Q2 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 Q2 2018, while imports fell to 2.1%, CBS has reported.
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.