Israel Expects Slower Growth in ’92

Israel’s economic outlook in 1992 is for slower economic growth, a drop in the inflation rate and rising unemployment, according to a forecast by Chamber of Commerce economists published Monday in the business weekly Mabat.

Inflation is expected to fall from a current annual rate of about 18 percent to 15 percent in the new year because of an anticipated decrease in the price of housing and a government cap on consumer prices in an election year.

The economists foresee the growth rate declining from a 5.2 percent increase in the gross national product during 1991 to a 4.3 percent rise in 1992.

They base that on an expected arrival of 100,000 to 130,000 immigrants next year. That is a conservative figure, assuming there is no mass unemployment in the republics that formerly constituted the Soviet Union.

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