Fischer: No risk of recession - Israel News, Ynetnews

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Fischer: No risk of recession

Published: 12.25.12, 11:49 / Israel News

Bank of Israel Governor Stanley Fischer told the Knesset Finance Committee that the Israeli economy is not in risk of a recession, clarifying that his decision to lower interest rates stemmed from a desire to foster demand in the market and influence the exchange rate.


Nonetheless, he pointed to two problems the next government will have to face - the expected budgetary deficit and the housing situation. (Zvi Lavi)


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