Bank of Israel governor Flug: Israel’s economy in good state

 

In her 1st public address since the gov’t approved her appointment as Bank of Israel governor, Dr. Karnit Flug tells PM’s Conference: ‘The growth rates in Israel are relatively high & the economy is in good condition compared to developed countries’

By Gilad Morag

 

Israel‘s growth rates are relatively high and the economy is in good condition compared to developed countries, Dr. Karnit Flug said Tuesday in her first public address since the government approved her appointment as the Bank of Israel’s new governor.

“Unemployment rates have dropped to a low level after going up during the crisis, but the output per worker is relatively low compared to the developed countries,” Flug told the Prime Minister’s Conference on Partnership and Growth, organized by the Authority for the Economic Development of the Arab, Druze and Circassian Sectors.

At the start of her address she said, “When I decided, several weeks ago, to accept the invitation to participate in this conference, I did not know that it would be my first public lecture since the government’s decision to recommend that the president appoint me Bank of Israel governor, who also serves as the government’s economic advisor.

 

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View original Ynet publication at: http://www.ynetnews.com/articles/0,7340,L-4446984,00.html

 

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