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Bethel Finance news:
"We predict 2.2% GDP growth for Israel in 2012 and 3.8% growth in 2013, although there are risks," OECD Economics Department Division head Dr. Peter Jarrett said at the "Globes" Israel Business conference "Israeli financial system" panel today. "Europe is apparently leading the world to anemic growth and maybe even a recession."
Mizrahi Tefahot Bank (TASE:MZTF) CEO Eli Yones said, "If the Israeli economic growth engine in high-tech exports, blows in the North American and European economies have reduced demand for our products, and we will probably see higher unemployment. People in Western Europe, North America and Israel have been hit harder compared with foreign markets. The markets we built our growth on have weakened, and we're left with a limping engine without have an alternative market at our disposal."
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