The Mudcat Café TM
Thread #153638 Message #3599809
Posted By: bobad
09-Feb-14 - 01:04 PM
Thread Name: BS: BDS of Israel 'Gathering Weight.'
Subject: RE: BS: BDS of Israel 'Gathering Weight.'
Re.BDS of Israel 'Gathering Weight.'
The Organization for Economic Cooperation and Development (OECD) praised Israel's economic growth in 2013 and predicted that its economy will continue to grow in 2014 and 2015 at a rate that exceeds growth projections for the OECD's other 33 member nations, Israel Hayom reported.
"Israel's output growth remains relatively strong, unemployment is at historically low levels, its high-tech sector continues to attract international admiration and new off-shore gas fields have come on stream," the OECD said in the executive summary of its 2013 Israel Economic Survey.
The report projected that Israel's economy would grow by 3.7 per cent in 2013, compared to 3.9-per cent growth in 2012. Growth projections for 2014 and 2015 were pegged at 3.4 per cent and 3.5 per cent, respectively. As a result, unemployment is expected to rise from its current historic low of 5.9 per cent to a range of 6.6-6.9 per cent. The OECD also praised the Israeli economy for being one of the most turmoil-resistant economies in the West and for its high-tech industry.