Shock boost for Israel

By Candice Krieger, August 19, 2010

Israel has exceeded all expectations to grow by 4.7% in the second quarter of 2010, according the Central Bureau of Statistics. Due to the crisis in Europe, predictions were that the economy would only grow by 2.9%. Israel's surprisingly strong annual growthhas been partly due to a rise in exports this year.

Last updated: 11:16am, August 19 2010