Israel’s economy has more than recovered from the setbacks of the Lebanon war, new data revealed. The Central Bureau of Statistics announced this week that between November and January, Israeli exports increased by 22 percent, industrial output by 7.9 percent and consumer spending between 3.2 percent and 10.5 percent. The indicators show a dramatic reversal of the decline registered in the third quarter of 2006, when Israel waged a 34-day war against Hezbollah. Among the sectors hardest hit by that conflict was tourism, but the bureau reported a 26.8 percent rise in hotel occupancy by foreigners over the past two months.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
