'Israeli economy to grow 3 percent next year'

Merrill Lynch: Israel’s economy will grow by about 3 percent in 2013 as the US and euro bloc experience a gradual recovery.

By NADAV SHEMER
November 26, 2012 23:25
Merrill Lynch chief investment officer Bill O'Neil

Bill O’Neill 370. (photo credit: David Friedmann)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Israel’s economy will grow by about 3 percent in 2013 as the US and euro bloc experience a gradual recovery, according to Merrill Lynch Wealth Management.

Recent unexpected geopolitical tension should not cause Israel any long-term damage, Bill O’Neill, Merrill Lynch’s chief investment officer for Europe, the Middle East and Africa (EMEA), said Monday at a press conference in Tel Aviv.

Be the first to know - Join our Facebook page.


He also forecast that the Bank of Israel will not raise interest rates soon, especially with the approach of elections in January and the sensitive political situation.


Turning to strategy, O’Neill said investors would begin to show more faith in stock markets next year. Merrill Lynch’s research division believes investors will favor stocks over bonds from 2015 and beyond, he said, as the bull market in bonds comes to an end.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS