Israel’s economy has more than recovered from the setbacks of the Lebanon war, new data revealed. The Central Bureau of Statistics announced this week that between November and January, Israeli exports increased by 22 percent, industrial output by 7.9 percent and consumer spending between 3.2 percent and 10.5 percent. The indicators show a dramatic reversal of the decline registered in the third quarter of 2006, when Israel waged a 34-day war against Hezbollah. Among the sectors hardest hit by that conflict was tourism, but the bureau reported a 26.8 percent rise in hotel occupancy by foreigners over the past two months.
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