Even so, the Bank of Israel plans to raise its growth forecast for 2011 and 2012.
The OECD's growth forecast for Israel is too high for my taste," Governor of the Bank of Israel Prof. Stanley Fischer said today. In its Economic Outlook, the OECD predicts 5.4% GDP growth for Israel this year and 4.7% growth in 2012.
Even so, Fischer said that the Bank of Israel plans to raise its GDP growth forecast for 2011 and 2012 next week. The Bank of Israel currently predicts 4.5% GDP growth for 2011.
Speaking at Ben Gurion University of the Negev in Beersheva, when asked about becoming IMF head, Fischer said, "it is too early to talk about that," and "depends on government involvement." He declined to expand on the topic.
Published by Globes [online], Israel business news - www.globes-online.com - on May 31, 2011
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