“The Economist” upgrades Israel forecast

[Herschel]

Prestigious British weekly “The Economist” today published an optimistic updated forecast for the Israeli economy.
”The Economist” predicted that growth in Israel would be much higher in 2004, led by exports. The magazine stressed that recovery in economic activity and tax revenues had begun as early as mid-2003.

”The Economist” praised the Bank of Israel’s interest rate policy, saying that foreign currency exchange rates had remained stable, despite the interest rate cuts.

The magazine believes that inflation and prices will continue to fall in the coming months, as a result of lower private consumption and domestic demand. These two factors are expected to rise next year, albeit modestly.

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http://www.globes.co.il/serveen/globes/docview.asp?did=737127&fid=942

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Wonderful news. The Israeli people have been suffering through a difficult economy.

[ForestsBeatBushes]

1. I'm counting

One thousand one, one thousand two, one thousand three etc.

When will someone start raving about how right-wing 'The Economist' is; not to mention your source URL.

Maybe they have switched tactics and will just ignore you.

Interesting, I guess.

[Darranar]

2. The Economist IS right-wing...

do you expect me to start going to StormFront or DavidDuke.com or the like to find pro-Palestinian articles?

The link reported what the source said. The actual prediction is from the Economist.

[Herschel]

3. Good economic news for our friend, little Israel

and you can only criticize the source. Be glad.

[Darranar]

4. I WOULD be glad...

if I could trust the source. Unfortunately, however, I can't.

[bemildred]

5. I looked it up on the Economist Intelligence site.

It seems correct. They are predicting export driven
growth (for the first time since 2000). Time will tell.