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Xinhua world economic news summary at 0930 GMT, Aug. 17

JERUSALEM — Israel’s gross domestic product (GDP) expanded at an annual rate of 3 percent in the second quarter of this year, the country’s Central Bureau of Statistics (CBS) announced in a report on Wednesday.

The growth rate is in line with the Bank of Israel’s yearly forecast and slightly above the Ministry of Finance’s projection of a 2.7 percent economic expansion for the entire year of 2023. (Israel-GDP-P