The governor of the Bank of Israel, Stanley Fischer says that the country's economy was hard hit in 2008 but that it is dealing with the current crisis relatively well.
The governor presented the Bank of Israel's report to President Shimon Peres and the country's new finance minister Yuval Steinitz on Sunday morning.
Asked by the president if he saw signs that the country was emerging from the crisis, he said "we see it in the financial markets which have been recovering. But what we have yet to see is a recovery in the real market."
Minister Steinitz says he is presently meeting with his economic advisors to come up with a program that will encourage growth.
By REKA Israel
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
