The Israeli economy continues a three year expansion. While unemployment is still about eight percent, that's a ten year low. The economy was supposed to grow 5.4 percent last year, but only did about 4.8 percent because of the Hizbollah war last Summer. That conflict devastated the Lebanese economy, cutting GDP by at least five percent. The Palestinian economy shrunk by over ten percent last year because of the continued internal conflicts, and terrorist campaign against Israel.