Israel set for a strong 2008

by Richard Kilner

Story link: Israel set for a strong 2008

The Bank of Israel yesterday declared that there are indications that the coming year will see a recession hit the country.

Israel’s economic forecasts are all good, with strong growth between 3.6% and 4.4% predicted, more than the majority of developed nations.

In late December the Bank of Israel conducted a survey of hundreds of companies which revealed that orders from overseas are rising, and which signals a positive first quarter of 2008.

Importantly, US exports have yet to see any negative economic repercussions with orders being placed as usual.