Opinion: (Stanley Fischer, Bank of Israel Governor): “Bank of Israel Governor Stanley Fischer believes the Israeli economy is in a ‘relatively good condition’ compared to the global economic crisis.

Speaking in a press conference he convened on Tuesday to discuss the recent economic developments in the world, Fischer said Israel ‘can ride through this period successfully if we run the economy in a responsible and organized manner.

“As for the global economy’s situation, Fischer said, ‘The situation in the US is reasonable. It’s not good, but there is growth and no foreseeable danger, at least in the short term, for the US to enter another recession. Talks are of a 2.5% growth in 2012 – that’s not impressive and not close to the potential growth rate, but it’s a relatively good growth rate.’

“‘The forecast for all of Europe hasn’t dropped much since the beginning of the year. The expectation for European growth next year is less than 0.5% – that’s not a recession, but an undesirable situation.'”

My Comment: I present a variety of “opinions” so that later we can see how mistaken a person is in the vision of the world he lives in.
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