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Friday, April 06, 2007

Moody: Israel's Economy In A Good Mood

The investment sector continues to hold its own in the Kosher state, as Moody has taken a positive outlook regarding the future of Israel.

(Globes Online) Moody's Vice President Kristin Lindow said, "The Israeli economy is in the midst of a prolonged upturn that was only briefly affected by last year's war with Hizbullah, the militant Islamic movement based in Lebanon. Growth has averaged 5% for the last three years, yet the current account surplus actually widened further each year and inflation was nonexistent in 2006."

Hopefully I'll be able to find some more good news regarding Israel's economy, as news like this counters the thought that conflict zones are bad places to invest. Israel (according to Moody) seems to have a bright future ahead of it, which is an indicator on the underlining strength of the nation.

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