BOI chief Fischer: Economy in good shape
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"The Israeli economy is in good shape, but not great," Bank of Israel Governor Stanley Fischer said after presenting the central bank's annual report.
"Our forecast is that this year's growth rate will stand at 3.1%, which is respectable but does not match the average yearly growth rate recorded from 2004 to 2008. Why is it not great? Mainly because the global economy began to deteriorate during 2011," he said. (Avital Lahav)
