The Limited Times

Now you can see non-English news...

The governor also gave up on a quick solution to the real estate market: "There is no magic headquarters" - Walla! Money

2021-10-20T10:35:32.488Z

Prof. Yaron does not foresee a solution close to the real estate market and admits that the state has failed in the matter of professional training. The governor further clarified that projects such as the metro in Gush Dan will require tax increases



  • Of money

  • All articles

The governor also despaired of a quick solution to the real estate market: "There is no magic headquarters"

At the MUNI EXPO conference of the Local Government Center, Prof. Yaron addressed the burning problems of the Israeli economy.

The governor does not foresee a solution close to the real estate market and admits that the state has failed in the matter of professional training. The governor also clarified that projects such as the metro in Gush Dan will require tax increases

Tags

  • The center of local government

  • Bank of Israel Governor

  • unemployment

  • housing

  • Amir Yaron

Walla!

Of money

Wednesday, 20 October 2021, 13:03 Updated: 13:25

  • Share on Facebook

  • Share on WhatsApp

  • Share on general

  • Share on general

  • Share on Twitter

  • Share on Email

0 comments

The Governor of the Bank of Israel, Prof. Amir Yaron, was a guest at the MUNI EXPO conference of the Local Government Center, and said: "The Israeli economy has succeeded in the Corona event very well, economic activity continues. "The growth of the economy is great. I and I expect growth in 21 of seven percent and in 22 of five and a half percent."



Regarding unemployment, said Professor Yaron: "We know exultant message and the hotel will take more time until they return. The more time passes, we need to think about structural changes. If you look at the data now we Unemployment Extension standing on the eight percent.



Unemployment standard is five plus percent "Before the corona we stood at 3 percent. The issue of training is what we missed during the corona. The issue of training is important, during the corona it did not work as we would like and we have to get into it very strongly."

Good to know (promoted)

The technology in shoes that will save you from back and knee pain

To the full article

The Governor of the Bank of Israel is interviewed at the MUNI EXPO conference of the Local Government Center: Steps in the real estate market will be a drop in the ocean as long as supply does not increase. The Gush Dan metro will be funded by new taxes (Photo: Dudi Peretz)

Projects like the metro will require tax increases

The Governor also referred to the painful subject for quite a few Israelis, housing prices soaring, but unfortunately - this issue did not have the line: "You have to understand, there's no magic wand that will solve the problem in Mecca, the main problem is the problem of supply.



We welcome high demands of in part because productivity it brings to demand healthy. Conversely fundamental problem is the problem of supply. and not only the problem of supply existed over the years is exacerbated in the last two years. it takes time to change features such and range of activities in the field of supply we started working on them in May.



"We limited the ability Leverage one apartment for investment. I do not think that these steps will solve the problem but provide a partial solution. All these activities need to be carried out, but the source is the matter of supply. "The governor clarified.



On the deficit, Prof. Yaron said: "At the beginning of the Corona event I said to leave the deficit and really, now, at our exit from the event, we will have to address the structural deficit. The government accepted our recommendation not to address in 2021 and 2022 because we want to give the economy now all capacity out of the crisis.



in next 10 years we think should go into long-term investments of 3% of GDP. topics education has not entered the current budget and I think it is super important that it be made from the budget in 2023 and onwards, so some of these investments will come before us in the coming years.



We are in favor of investments "Like the metro, they will grow the economy, but they will not fully pay for themselves. Therefore, we will have to do an intelligent navigation of efficiency in the field of collection and also a certain increase in taxes."

  • Share on Facebook

  • Share on WhatsApp

  • Share on general

  • Share on general

  • Share on Twitter

  • Share on Email

0 comments

Source: walla

All business articles on 2021-10-20

You may like

Trends 24h

Business 2021-11-30T11:43:24.131Z
Business 2021-11-30T11:17:59.025Z

Latest

© Communities 2019 - Privacy