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Source: http://www.xe.com/news/2012/12/31/3140721.htm?c=1&t=
Israel Economy Best in the West, Grew 3.3 Percent in 2012
(Reuters) Steven Scheer - Israel's economy grew an estimated 3.3% in 2012, its slowest pace in three years, but it still outpaced the 1.4% average growth rate for Western nations. Growth slowed from 4.6% in 2011, mainly due to recessions in Europe, Israel's largest trading partner, weak growth in the U.S. and slower growth in Asia. "Given the international situation, the Israeli economy is doing very well," Shlomo Yitzhaki, the government's statistician, said Monday.