Israel’s gross domestic product grew 4.5 percent in 2010, Haaretz Daily reports, citing figures from the country’s Central Bureau of Statistics. This puts Israel in fifth place among Organization for Economic Cooperation and Development members based on the pace of economic growth. Meantime, economists predict that the Bank of Israel will raise interest rates in March to keep inflation in check.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.