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News Brief

July 15, 2004
See Original Daily Bulletin From This Date

Strong consumer confidence, higher tax revenues and restrained government spending are helping Israel’s economic growth. The Economist magazine raised its economic growth forecast for Israel to 3.4 percent for 2004 and said the aforementioned factors could speed Israel’s export-led recovery and push the budget deficit below the 4 percent GDP target, to 3.5 percent.

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