As per the predictions of Treasury, Israel's economy is going to witness a healthy rise in its economy in 2013 as well as in 2014. The Treasury predicted a rise of 3.5% in 2013 and 3.9% in 2014 in the economy of the country.

A number of other institutes have also been predicting about the economic growth. It has been found that the Bank of Israel has forecasted the growth of 3% and the OECD has kept its expectations at 2.9%.

Finance Minister Yuval Steinitz said that organizations have been predicted a positive rise in the growth of economy. He has made it clear that the increase should not be equated with rise in increased tax revenues or increased number of job openings.

It is said that the forecast made by the Treasury is more optimistic than the prediction presented by Stanley Fischer, who is the governor of Bank of Israel. He was of the view that the country economy will grow by 3% for 2013.

For now, the central bank has not presented its latest report on the economic growth forecast. It is expected that they will come up with an updated report by next week. It has to be seen that whether the predictions of the organizations hit the bull's eye or not.