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.
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.
