Treasury revising growth outlook down

The 2012 forecast, which now sees gross domestic product expanding 3.2%, will be revised to 2.9%.

By Moti Bassok | 03:26 13.08.12 |

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Moti Bassok

Ahead of the cabinet's deliberations on the budget for 2013, the Finance Ministry is about to deliver bad news, in the form revising its growth forecast downward for this year and next.

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Treasury revising growth outlook down

The 2012 forecast, which now sees gross domestic product expanding 3.2%, will be revised to 2.9%.

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