20 Friday, September 5, 1975
THE DETROIT JEWISH NEWS
Israeli Jobless Rate Expected to Climb 6 Pct. in 2 Years
Caricatures
for your party
By
SAM FIELD
Call
399-1320
JERUSALEM (JTA) — billion and interest pay-
Unemployment in Israel ments will be eating up $1.5
will climb to 77,000 or six billion a year.
percent within two years,
The EPA survey recog-
according to a forecast by nizes that the main bottle-
the Ministry of Finance's neck in the economy is a
Economic Planning Author- shortage of foreign cur-
ity (EPA).
rency, which thus limits
The prediction was con- growth.
tained in a forecast for the
The most difficult year
years 1976-80 which was ahead, according to the
presented to the Cabinet. forecast, is 1977 when con-
The EPA also predicts that sumption which fell in the
there will be no growth first quarter of this year,
in personal consumption will go up by about one
inrough 1980 by which time percent because of the tax
the national debt will have reform and the cost of liv-
risen from $6 billion to $10 ing allowances paid to Is-
raeli workers.
Output is expected to in-
crease relatively slowly dur-
ing the next three years, 3.4
percent in 1975, four per-
cent in 1976 and five percent
in 1977. During this time
unemployment will worsen.
Meanwhile, Israeli econo-
mists are at odds over the
meaning of the recent unex-
pected downward trend in
the country's production.
For the first time in
nearly a decade there was
an absolute decline of 3.4
percent in Israel's gross na-
tional product.
Experts believe the s:ow-
down proves that some of
Rabin's New Year Message
S incere wi34e3 for
a new gear, lifted with
h ealth, happine33 andpeace
dinutigaz gn.c.
JACK AND DIANA TIEGER
It
0
WENS _APP.-MEL
TEL- 1 2-MALL
355-5280
-70 a
JERUSALEM (JTA) — stitute the strength of Is-
"To be a Jew means to be- rael.
lieve in peace," Israeli Pre-
"Upon that continuing
mier Yitzhak Rabin asserts strength rests the hope
in his New Year message to . . . that the agreement
Diaspora Jewry.
will eventually mature
"In these very days Israel
into a genuine peace nego-
has taken a bold step in its tiation. For that to happen
effort to move towards the Jewish people must
peace . . . if kept in good rally as never before, the
faith, the agreement could totality of our will, our
open up a new horizon along resources and our energies
the long and difficult road
in support of the major
to a true, peaceful settle-
Jewish priorities of our
ment between Israel and time.
our neighbors . . ."
"I believe these are three:
"That an interim agree-
the promotion of aliya, the
ment . . . could have been
advancement of Jewish edu-
negotiated at all, was be-
cation everywhere and the
cause Israel is strong. In a
intensified personal moral
sense the Jewish people ev-
and material commitment
erywhere shared in making of every Jew to the central-
this last agreement possible
ity of the Jewish state in
because, together, we con- Jewish life.
OUP iriellch
and cusilomerJ
roar the new Year irtnq peace
and contentment to at/
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•
by HATTIE •
the anti-inflationary mea- • :
SCHWARTZ •
sures implemented by the • .
3 56-8 543 :
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government last year have •.
STATIONERY•
taken place..In fact, the rise :PARTY FAVORS EMBOSSERS •
in prices in recent months • : , ". * ENTERTAINMENT* ..*•
SEYMOUR
has been less than 12 per- • CARICATURES
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cent on an annual basis, • MUSIC
AGENCY .
compared with a rise of 56 : SHOWS
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percent in 1974.
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