As reported in Globes: The Central Bureau of Statistics forecast for 2010 is higher than the Bank of Israel’s prediction of 3.7%.
The Central Bureau of Statistics sees business output rising 4.5% in 2010 compared with 0% in 2009.
The Central Bureau of Statistics forecast is higher than the growth forecast of the Bank of Israel of 3.7% in 2010. However, the Bank of Israel is expected to revise its growth forecast upwards.
The Central Bureau of Statistics sees a 13% rise in exports in 2010 compared with last year and an 11% rise residential construction.
In addition, there is a 5% rise in consumption predicted for 2010 compared with a rise of 1.7% in 2009 with private consumption per capital, also known as the “standard of living” rising 3% in 2010 compared with a fall of 0.2% in 2009.