Israeli governor airs fears over impact of European slowdown


Stanley Fischer, governor of the Bank of Israel, on March 28 said that worries about a slowdown in Europe and foreign policy concerns were the main economic concerns for 2012.

Presenting the institution's annual report, he said the Israeli economy is forecast to grow by 3.1% in 2012, which is below the growth rates achieved prior to the financial crisis.

Fischer said Israeli exports had already been "negatively impacted" by the situation in Europe, and continuing uncertainty about the prospects

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