Fischer: Unemployment could rise, but BoI can cope

By JPOST.COM STAFF
December 29, 2011 11:30




Bank of Israel Governor Stanley Fischer warned Thursday that unemployment could rise slightly next year and that financial markets could stagnate, but said that the Bank of Israel has the tools to cope with this scenario.

In an interview with Israel Radio, Fischer added that there has been a decline in housing prices, both for rent and for sale.


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