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From the Liveblog of
Tuesday, October 13, 2020
From the Liveblog of
Tuesday, October 13, 2020
IMF: Israeli GDP to contract 5.9% this year – above average for advanced economy
Add ToI as a Preferred Source on GoogleA new report by the International Monetary Fund projects that Israel’s GDP will contract this year by 5.9 percent, compared to an average of 5.8% among all so-called advanced economies.
Last month, before Israel imposed its second full coronavirus lockdown, Netanyahu downplayed the spiraling recession and claimed the contraction in Israel’s economy was “almost the lowest in the world.”
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