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Technology / AI and automation

ISRAEL HIGH-TECH MANUFACTURING DOWN AS ASIAN CRISIS HITS

Based on results from January and February 1998, Israeli high- tech manufacturing slowed to an annual growth rate of only 2%, compared to a 5% increase in the second half of ’97. The figures are blamed on a reduction in export in the wake of the south-east Asian crisis. The statistics are contained in a report by Israel’s Central Bureau of Statistics on the state of the economy.

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CBR Staff Writer

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