(August 16, 2021 / JNS) Israel’s economy grew by 15.4 percent in the second quarter of this year compared with the previous quarter, according to an estimate by the Central Bureau of Statistics.
Most of the growth was due to car imports.
The jump came as a result of the removal of coronavirus restrictions that caused the contraction of the economy in the first quarter due to the lockdown, reported the Israeli business daily Globes on Monday.
The second-quarter growth was better than other OECD countries such as Belgium (14.5 percent), Canada (13.8 percent), the United States (12.2 percent) and Austria (11.4 percent), but lower than France (18.7 percent).
Private consumption grew 34.1 percent per capita on an annualized basis in the second quarter compared to the first quarter, noted the report.
Jewish News Syndicate
With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.
Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.
If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.
We appreciate your support.