BOL may raise economic growth forecast

The local economy grew at an annualized 2.2% in the third quarter, its fastest pace in more than a year, after expanding 1% in the second quarter
 
Bank of Israel Governor Stanley Fischer said last Thursday that Israel's economic growth next year (2010) may be higher than the 2.5% forecast by the Central Bank.
 
In a speech at New York City's Yale Club Fischer said :"My guess is that as we revise, it will probably be a little bit higher, possibly significantly higher”.
 
Fischer noted, however, that :"The bank's forecast of zero growth this year will probably be about right, or maybe even a little low”.
 
The local economy grew at an annualized 2.2% in the third quarter, its fastest pace in more than a year, after expanding 1% in the second quarter.