Never mind the collapse in confidence in Europe, the Palestinian proposal for UN recognition and heightened tensions with neighbouring Egypt and long-time ally Turkey. The Israeli economy just keeps growing faster than the rest of the developed world.The International Monetary Fund (IMF) last week raised its forecast for the country and cut its estimate for the global economy on the impact of the European debt crisis. Israel’s gross domestic product (GDP) will expand 4.8 percent this year, according to the lender. That’s up from an April forecast of 3.8 percent and triple the pace for the average of the 34 advanced economies.
