2% Economic Growth Cannot Create New Jobs.(Israel)

The present economic growth rate of two percent in Israel, (which may drop to one percent) cannot produce new jobs. Mr. Ben Zion Zilberfarb the new director general of the treasury said that the work force in Israel is increasing by 2.4 percent a year and economic growth below this rate will only increase unemployment. Unemployment cannot be allowed to grow.

The Israeli cabinet in an effort to jump-start economic growth, which will lead, to new jobs, is expected to shortly approve a NIS I billion spending plan. The treasury's plan is to upgrade infrastructure by using mone