Fischer: OECD's Israel growth forecast too high

By GLOBES CORRESPONDENT
May 31, 2011 12:07

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.


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