Stanley Fischer: The Israeli economy will grow in 2007 by 5.5%

Fischer noted that Israel's economy is in very good shape, since this year will end with no budget deficit, compared to a forecast 2.9%
 
Stanley Fischer, the governor of the Bank of Israel, said last week that the Israeli economy would grow in 2007 by an impressive 5.5%.
 
Fischer was speaking to a leadership group of the Israel Bonds visiting in Israel.
Fischer's forecast is higher compared to the central bank's forecast which until now was for 5.1% growth in 2007. The treasury's estimate is slightly lower, at 5.4%.
 
Fischer noted that Israel's economy is in very good shape, since this year will end with no budget deficit, compared to a forecast 2.9%.
 
The debt to GDP ratio also dropped to 82% this year.