The short-term challenges, and the Bank of Israel’s policy to encourage growth In recent years, growth in the Israeli economy has been slowing, in parallel with the slowdown in growth worldwide, both in advanced economies and in emerging economies.
The decline in GDP during the third quarter is obviously also a result of Operation Protective Edge, and we can expect that the figures for the final quarter of the year will already show a return to the growth rates that have characterized the economy in recent years, of slightly below 3 percent.