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’Israeli’ Economy Hasn’t Recovered from Gaza War
Local Editor
"Israel's" economy hasn't yet recovered from its losses in Gaza.
According to the so-called "Israeli" central Bank, "the losses sustained by the 50 days of fighting haven't entirely been recovered."
The bank further clarified that the "merchandise exports - not counting ships, aircraft and diamonds - had declined in November by 3%."
On Sunday, the "Israeli" government reported that tourist arrivals declined 1% last year from 2013, with the number plunging 24% in the third quarter.
However, in its attempt to assure the Zionist community the "Israeli" bank mentioned: "Indicators which became available this month [December] point to a recovery in activity after "Operation Protective Edge", with the economy's expected return to its path of growth from before the operation expressed in a relatively high growth rate in the coming quarter."
An area of "Israeli" concern the committee noted was for settling units' prices, which increased 6.5% in the 12 months to October 2014, up sharply from the 12 months through September. Home sales and mortgage demand - which the Finance Ministry reported on Monday jumped to 5.5 billion shekels ($1.4 billion) in December - continued.
Source: News Agencies, Edited by website team
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