Israel dealing well with economic crisis

Sunday, April 19, 2009 |  Israel Today Staff

Bank of Israel Governor Stanley Fischer on Sunday presented his annual report to President Shimon Peres, and announced that Israel is "dealing relatively well" with the global economic crisis.

Fischer said that the economic downturn is expected to last a bit longer, but that positive signs are already showing in the financial markets, and that he hopes those will soon start to affect the real markets.

While Israel still has a lot to work on, Fischer said that the nation had managed to achieve quite a bit in recent years, despite wars in Lebanon and Gaza, ongoing internal and cross-border terrorism and crippled export markets in Europe and the US.

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