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A woman wears Israeli flags on her head as she takes part in a rally outside Israel's Embassy in London, to show support for Israel's military action in Gaza, July 20, 2014. REUTERS/Neil Hall Image used for illustrative purpose.
Israel's economy sustained its solid growth in the second quarter, beating expectations with consumer spending bouncing back after a slow start to 2023, data from the Central Bureau of Statistics showed on Wednesday.
Gross domestic product (GDP) grew an annualised 3.0% in the April-June period from the prior three months, compared with a forecast in a Reuters poll of analysts for a 2.4% expansion.
However, on a per capita basis, GDP grew 1.1%.
The economy grew 2.9% in the first quarter, compared with 3.2% in a prior estimate.
Israel's economy is forecast to grow 3% in 2023 after a 6.5% pace in 2022, according to the Bank of Israel. (Reporting by Steven Scheer; Editing by Devika Syamnath)
