Data reveals Israeli economy grew rapidly after Lebanon war - Haaretz

Last update - 03:38 23/02/2007

Data reveals Israeli economy grew rapidly after Lebanon war

By Nathan Sheva

There was a six-week war and then it ended. It sent a third of Israel's population to the roads, escaping the threat of missiles, and shut down whole industries in the region for the duration. But it seems to have had practically no effect on Israel's overall economic robustness.

The conflict did slow economic growth in the third quarter of 2006, but the Israeli economy roared back in the fourth quarter:

The Central Bureau of Statistics (CBS) says that Israel's GDP grew by a whopping 8 percent in the fourth quarter, after shrinking by 0.7 percent in the third quarter, and rising by 6.3 percent in the second quarter - before the war. Overall growth for the year was 5.1 percent, compared to 5.2 percent in 2005.

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Altogether, in the second half of 2006, Israel's economy grew by 3.1 percent in annualized terms, in addition to the 5.9 percent surge in economic growth in the first half.

It seems that the last quarter's growth was partly a result of pent-up demand, caused by the war.

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1.	does it mean that war is good for economy	04:33	\|	Joseph E .	23/02/07

2.	What crap	05:49	\|	Marilyn	23/02/07

3.	Joseph E	05:50	\|	Saddam	23/02/07

4.	It means no competition for Israeli tourism is good.	06:17	\|	Guy From NYC	23/02/07

5.	war is technically good for an economy	06:17	\|	g	23/02/07

6.	Thyer ain`t nothing like a war	07:14	\|	miloimnick frm north	23/02/07

7.	Pent-up-demand?	07:20	\|	benji	23/02/07

8.	Wow, Israel! Talk about a robust economy!	07:32	\|	AV	23/02/07

9.	I know where I`m investing	07:34	\|	Money-maker	23/02/07

10.	There is no relation between a war and the growth in economy	08:22	\|	Vittorio	23/02/07

11.	How do I email this to Nasralllllllaaaahhhh?	08:28	\|	SLAVO	23/02/07

12.	The Hizbullah Supporters Are Still Living In Rubble	08:50	\|	Yishai Kohen	23/02/07

13.	The Winning Horse	11:18	\|	Yonatan Frimer	23/02/07

14.	Vitorrio, no-one said it does	12:52	\|	Allon	23/02/07

15.	Marilyn, yes it`s easy to scoff when you make up the facts	13:06	\|	Hiccup	23/02/07

16.	How naive are the readers who actually believe this	13:57	\|	Lubnani Yehudi	23/02/07

17.	Data reveals Israeli economy grew ?	19:08	\|	Roxy	24/02/07