Leumi Slashes Estimate for Israeli Economic Growth in 2014

The bank now predicts only 2.2% growth, stung by the Gaza war and a dull world economy.

Shelly Appelberg

Aug 29, 2014 9:10 AM

Bank Leumi has cut its forecast for Israeli economic growth this year by 0.5 percentage point to 2.2%, citing slackening growth in the first half and the impact of the 50-day Gaza offensive.

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