Steinitz: Black storm clouds are gathering over our economy

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October 31, 2011 12:09

 
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Finance Minister Yuval Steinitz said he’s “very worried” about Israel’s economy in 2012 at a Knesset Finance Committee meeting on Monday.

“Our economic ship did not sink like most of the West’s ships did,” he explained, “but black storm clouds are gathering around us, and we have yet to steer the ship to shore safely.”

Steinitz told the committee that Israel has high growth and low unemployment, especially in comparison to the US and Europe, which are in the midst of a recession.

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