OECD predicts Israel's unemployment to drop, but central bank disagrees
OECD reports Israel’s unemployment rate will drop from 6.9% to 6.5% by end of 2014, while Bank of Israel projects it will average 7.2% next year.
A new OECD report predicts that Israel’s unemployment rate will drop to 6.5% by the fourth quarter of 2014, down from 6.9% today. This is contrary to projections by Israel’s own central bank, which expects growth to diminish and unemployment to increase next year, largely as a result of the government’s planned spending cutbacks.
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