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Better Economy
Good For Likud
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;30 FOODS, I
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Triscuit® Wafers and Fleischmann's® Margarine
• no cholesterol • low saturated fat • low sodium • © kosher
1
MANUFACTURER COUPON EXPIRES AUGUST 31, 1992
SAVE 30'
RETAILER: One coupon
per purchase of product
indicated. Consumer to
pay sales tax. Cash value
1/20c. NABISCO FOODS,
INC. reimburses you for
the face value plus han-
dling, if submitted in com-
pliance with NABISCO'S
Coupon Redemption
Poficy. For free copy and/or
coupon redemption, send
to: NABISCO FOODS. INC.,
CMS DEPT. 13130, 1
FAWCETT DRIVE. DEL RIO,
TEXAS 78840. EXPIRES
AUGUST 31, 1992
© 1992 NABISCO
FOODS, INC.
44000 25130
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5
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MANUFACTURER COUPON
RETAILER: One coupon
per purchase of product
indicated. Consumer to
pay sales tax. Cash value
1/20c. NABISCO FOODS,
INC. reimburses you for
the face value plus han-
dling. if submitted in com-
pliance with NABISCO'S
Coupon Redemption
Policy. For free copy and/or
coupon redemption. send
to: NABISCO FOODS, INC.,
CMS DEPT. 13130, 1
FAWCETT DRIVE, DEL RIO.
TEXAS 78840. EXPIRES
AUGUST 31, 1992
co 1992 NABISCO
FOODS, INC.
2
SAVE 30'
When you buy any package of
Fleischmann's® Margarine
or Fleischmann's® Light.
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THE JEWISH NEWS
Jerusalem (JTA) — The
economy is finally showing.
signs of recovery and
growth, according to the
Central Bureau of Statistics c„
in its two most recent mon-
thly reports.
The news was music to the
ears of the Likud, which has.,
been been struggling to re-
tain its supremacy as
Israel's ruling party.
Industrial production rose'
by an astonishing 7 percent ,
last year. Industrial exports -
and imports of raw material,
for industry were both up.
Productivity as a whole was
up 2.5 percent and the state
deficit was only half of what c,
it was expected to be.
Although the foreign cur-
rency deficit rose by $1
billion, more money found
its way to Israel by other
routes, and the foreign cur-
rency reserves actually in-
creased.
The gross national product
rose by 6 percent last year in
proportion to the growth of
population. It was 1 percent
higher than in 1990.
On the basis of those fig-
ures, the Central Bureau
expects further
provements in the economic
picture. Three weeks before
an election, there could be no
better news for the incum
bent party.
But then the Bank of
Israel chimed in with a •
deafening discordant note. It
is Israel's central bank — its
functions similar to the U.S..
Federal Reserve or the Bank
of England — and its 1991
annual report, just released,
presented a grim picture of
an economy confronted by its
worst crisis ever.
High unemployment and
no economic growth was its
forecast for the immediate
future.
Analyzing the 7 percent
rise in industrial production,
double the previous year's,
the Bank of Israel said it was
the function of .a temporary
boom in the housing and
allied industries.
Subtract that and last
year's industrial growth
would have been a meager 3
percent.
Moreover, it upheld the
scathing criticism of the
Housing Ministry's perfor-
mance, contained in the
state comptroller's report c,
released last month.
According to the Bank of
Israel's annual report, the
government's'
" exaggerated" housing
efforts "caused waste of
resources and increased
economic uncertainty.