Israelis take cover as sirens are heard in the Israeli coastal city of Ashkelon, 13 kilometers from the Gaza border, on August 24, 2014. AFP PHOTO/DAVID BUIMOVITCH
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
At the Ashkelon factory of Israeli mattress manufacturer Polyron, the sirens set off by militant rocket fire from the Gaza Strip just 8 kilometers to the south are taking a toll.All 20 economists in a Bloomberg survey forecast that the bank will hold the rate at 0.5 percent Monday.Growth slowed in the second quarter to 1.7 percent from 2.8 percent in the previous three months, as exports, which account for about a third of the economy, tumbled 18 percent, according to official data released Aug. 17 .Israeli attacks in Gaza have killed more than 2,100 Palestinians, mostly civilians, according to Gaza officials.The Bank of Israel, led by Governor Karnit Flug, cited the Gaza conflict as a factor in its surprise July 28 decision to cut the benchmark rate by 25 basis points.Rafi Gozlan, chief economist at Israel Brokerage & Investments-IBI Ltd, said he expects economic output to contract between 1.5 percent and 2 percent in the third quarter.The economy contracted 1.4 percent in the third quarter of 2006 .The economy may still grow 3.3 percent this year, little changed from 2013, compared with 1.75 percent for the world's top 10 advanced economies, according to economists' estimates on Bloomberg.
FOLLOW THIS ARTICLE