Globes: Manufacturers see lower growth, higher unemployment in 2013
Published on Oct 31 2012 // Business and Financial News, Economy
31 October 12 13:09–The Manufacturers Association of Israel believes that 2013 will see Israel’s growth rate slow further and unemployment rise. It predicts 2.7% GDP growth and 7.7% unemployment next year.
The Central Bureau of Statistics estimates 3.5% growth in 2012. The Manufacturers Association’s growth forecast is below the 3% forecast by the Bank of Israel.
The Manufacturers Association’s growth estimate means that per capita growth will slow to 0.9% in 2013 from 1.7% in 2012. Its unemployment forecast means a net 23,000 more unemployed to a monthly average of 286,000 in 2013 from 263,000 in 2012…Read More>>
