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Exports Up, Imports Down

January 10, 1978
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Israelis were pleased to learn that their exports are up and imports are down but Israel’s gross national product increased by only one percent last year. According to figures just released, Israel’s exports of goods and services rose by II percent in 1977. Imports were down by about three percent overall but military imports dropped 25 percent. The GNP rose at a rate of one percent for the third consecutive year. In 1971 and 1972 the annual rate of increase was II percent.

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