How is Israel's economy doing?

13 November 2011 Last updated at 02:54 ET Help

When Standard & Poor's downgraded America's credit rating in August, traders kept an eye on countries with close economic ties to the US, expecting them to come under pressure too.

Israel was high on the list - so just how is the economy faring at a time when the US is struggling?

Philip Hampsheir reports from Tel Aviv.

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