By Candice Krieger and Simon Griver, December 4, 2008
A drop in production is inevitable
Mark Ross, chief executive of the British-Israel Chamber of Commerce
Israel is not in recession as it has not experienced two consecutive quarters of negative growth. GDP growth currently stands at 2.3 per cent.
However, if it drops below 1.7 per cent, it falls below the rate of population increase, and if it stays like that for more than six months, Israel will be in recession.