But the data were revised up sharply as exports rose and the

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<p>Canada Goose Jackets Outlet By Steven ScheerJERUSALEM, Feb 16 (Reuters) Israel’s economy shot up in the final three months of 2016 and looks set to have grown annually by 4 percent, easily outstripping the central bank’s expectations.It came on the back of robust exports, but also increased consumer spending.On an annualised basis, gross domestic product soared 6.2 percent in the fourth quarter, the Central Bureau of Statistics said on Thursday, as it also revised up the annualised third quarter 2016 growth estimate to 4.2 percent from 3.6 percent.Growth for the whole year should now be 4.0 percent, the bureau said, up from its previous 3.8 percent estimate and well ahead of the Bank of Israel projection for 3.5 percent, itself a December upgrade from just 2.8 percent.Combined with higher than expected inflation data on Wednesday, the strong economic growth numbers could push the bank to raise interest rates at a faster pace than it currently foresees.The central bank’s own economists forecast a 15 basis point rise in the benchmark rate, currently 0.1 percent, and another quarter point rise in <a href="http://www.hotcanadagoose.com/">http://www.hotcanadagoose.com/</a> 2018.But one policymaker, according to minutes of rate discussions, believes that total 40 basis points over the next two years is lower than what will actually come.Last week, Bank of Israel <a href="http://www.hotcanadagoose.com">cheap canada goose</a> Governor Karnit Flug said of the bank’s rates estimate: "It’s a forecast. Not a commitment"The year had started off very weak, with a preliminary Canada Goose Sale first quarter 2016 estimate at just 0.8 percent leading the central bank and others to trim their full year forecasts to 2.4 percent. But the data were revised up sharply as exports rose and the economy grew strongly the rest of the year.RISING In the fourth quarter, private consumption rose 3.5 percent in the quarter, up from 3.1 percent growth in the third quarter. Canada Goose Jackets Outlet
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