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Once 'Best in the West,' Israel's Economy Shows Cracks

For more than a decade, Israel's high-tech-fueled economy has weathered the global financial crisis and several military conflicts with little impact on growth or the free flow of foreign investment. But its strong run, which led former finance minister Yuval Steinitz to coin its justifiably upbeat tag as the 'Best in the West," may be coming to an abrupt end, with the era of sustainable high growth rates consigned to history. The war against Hamas in Gaza, which ran into...

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