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  Israel's Growth Rate Israel's GDP grew at an annualized rate of 7.8% in the fourth quarter of 2010, the country's central bureau of statistics reported yesterday. The Israeli business newspaper Globes has an article quoting the Israeli finance minister, Yuval Steinitz, attributing the robust gains to, among other things, an earned-income tax credit and "a network of railways and highways to the periphery." Globes columnist Avi Temkin, meanwhile, warns of inflation and a housing bubble. It sure would be nice to get a quarter of 7.8% growth here in America, though I'm skeptical that it's going to be government-backed high-speed rail that is going to get us there. Israel's Growth Rate Israel's GDP grew at an annualized rate of 7.8% in the fourth quarter of 2010, the country's central bureau of statistics reported yesterday. The Israeli business newspaper Globes has an article quoting the Israeli finance minister, Yuval Steinitz, attributing the robust gains to, among other things, an earned-income tax credit and "a network of railways and highways to the periphery." Globes columnist Avi Temkin, meanwhile, warns of inflation and a housing bubble. It sure would be nice to get a quarter of 7.8% growth here in America, though I'm skeptical that it's going to be government-backed high-speed rail that is going to get us there.
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