Israeli economists warn the country could be on the verge of a recession, following surprisingly slow GDP growth in the first quarter of 2016. The Central Bureau of Statistics found that the first quarter of 2016 saw a 0.8% growth in Israel’s economy, a low number that in actuality represents a negative growth when compared to the 2% growth in population. The Ministries of Finance and Economy were surprised by the data, as the numbers were below what they had expected. Please pray for Israel’s economy and for wisdom for the Israeli government officials involved in incorporating ways to raise the rate of economic growth in the upcoming quarters.
Share this Post