Israel’s economic growth beats even optimistic forecast

Israel’s economy grew in 2009, against all expectations, and in contrast to other developed economies.

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Israel in the Last Days

“And it shall come to pass, that as ye were a curse among the heathenStrongs 1471: ywø…g gowy, go´-ee; rarely (shortened) y…Og goy, go´-ee; apparently from the same root as 1465 (in the sense of massing); a foreign nation; hence, a Gentile; also (figuratively) a troop of animals, or a flight of locusts:—Gentile, heathen, nation, people., O house of Judah, and house of Israel; so will I save you, and ye shall be a blessing: fearStrongs 3372: aérÎy yare}, yaw-ray´; a primitive root; to fear; morally, to revere; caus. to frighten:—affright, be (make) afraid, dread(-ful), (put in) fear(-ful, -fully, -ing), (be had in) reverence(-end), x see, terrible (act, -ness, thing). not, but let your hands be strongStrongs 2388: chazaq, khaw-zak´; a primitive root; to fasten upon; hence, to seize, be strong (figuratively, courageous, causatively strengthen, cure, help, repair, fortify), obstinate; to bind, restrain, conquer:—aid, amend, x calker, catch, cleave, confirm, be constant, constrain, continue, be of good (take) courage(-ous, -ly), encourage (self), be established, fasten, force, fortify, make hard, harden, help, (lay) hold (fast), lean, maintain, play the man, mend, become (wax) mighty, prevail, be recovered, repair, retain, seize, be (wax) sore, strengthen (self), be stout, be (make, shew, wax) strong(-er), be sure, take (hold), be urgent, behave self valiantly, withstand.. For thus saith the LORD of hosts; As I thought to punish you, when your fathers provoked me to wrath, saith the LORD of hosts, and I repented not: So again have I thought in these days to do well unto Jerusalem and to the house of Judah: fearStrongs 3372: aérÎy yare}, yaw-ray´; a primitive root; to fear; morally, to revere; caus. to frighten:—affright, be (make) afraid, dread(-ful), (put in) fear(-ful, -fully, -ing), (be had in) reverence(-end), x see, terrible (act, -ness, thing). ye not.”
—Zechariah 8:13-15

“And ye shall know that I am the LORD, when I shall bring you into the land of Israel, into the country for the which I lifted up mine hand to give it to your fathers. And there shall ye remember your ways, and all your doings, wherein ye have been defiled; and ye shall lothe yourselves in your own sight for all your evils that ye have committed. And ye shall know that I am the LORD, when I have wrought with you for my name’s sake, not according to your wicked ways, nor according to your corrupt doings, O ye house of Israel, saith the Lord GOD.”
—Ezekiel 20:42-44

Israel’s economy grew in 2009, against all expectations, and in contrast to other developed economies in the world. The Central Bureau of Statistics reported preliminary estimates today that show that in 2009, which will go down as one of the global economy’s most challenging years, Israel’s gross domestic product (GDP) grew 0.5%, in contrast to an OECD average of negative 3.5%.
Early forecasts for 2009 were for GDP to shrink 1.5%. In September, the Bank of Israel raised its forecast to 0% growth. As such, the actual figures beat even the most optimistic forecast.

Figures also show that Israel’s GDP grew a surprisingly strong 3% in the third quarter of 2009, compared with 1.1% growth in the second quarter, and -3.2% in the first quarter.
The Central Bureau of Statistics also reported that GDP growth per capita fell in 2009 by 1.3%. In OECD countries, per capita growth fell a sharper 4%.
Unemployment was 7.7% in 2009, compared with an OECD average of 8.2%.
Despite GDP growth, business product shrank 0.4%.

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