ISRAELI ECONOMY SURGING: Tel Aviv stock exchange hits record high

The Israeli economy and stock market are surging, despite growing regional tension and instability. On Wednesday, the Tel Aviv Stock Exchange closed one point below a record high. Today, the market formally hit a new record and is up 130% since November 2008 and 11% for the year.  “The Israeli economy grew by 7.8% in the fourth quarter of 2010, according to figures released Sunday by the Central Bureau of Statistics,” reports Ynet News. “This is the third estimate for the second half of 2010, which points to a significant rise in the gross domestic product compared to previous quarters – a 4.6% increase in the third quarter and a 5.4% increase in the second quarter.”


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