Israel economy rebounds

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Israel’s economy grew an annualised 15.4% in the second quarter from the prior three months, bouncing back from a weak first quarter with big gains in exports, consumer spending and investments after the country emerged from a third COVID-19 lockdown.

The gain in gross domestic product growth topped a Reuters forecast of 11% and followed an upward revision to a 1.4% contraction in the first quarter from a previous estimate of a 5.8% decline.