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Did the growth forecast ignore the consequences of the reform? - Walla! Of money

2023-03-14T07:12:13.901Z


Shira Greenberg, the chief economist at the Treasury, admits that Israel's optimistic growth forecasts did not take into account elements that could endanger it, including the legal reform


Chief Economist at the Ministry of Finance, Shira Greenberg.

The optimistic growth forecast does not include some risk factors, such as the worsening of the security situation, the legal reform and the developments in the USA (Photo: Finance Spokesperson)

During the "Impact" conference of Liberal magazine, two senior officials, at the Treasury and the Bank of Israel, referred to the latest economic developments in the US as well as the possible consequences of the legal revolution. The Chief Economist at the Treasury, Shira Greenberg, referred, in her words,



to

the recent events and said: "Our forecast is correct for the evening of confirmation The government budgeted close to 3.3% growth for 2023 and 3.2% for 2024.

But we did not consider the developments in the US in the global aspect, or the legal reform and the security aspect, which endanger the local economy."



It should be noted that unlike some of her colleagues at the Ministry of Finance, Greenberg was not afraid to voice her opinion on the possible consequences of the legal reform in the past - and even counted its dangers in the ears of the ministers.

The supervisor of the banks, Yair Avidan.

"The stability of the banking system is closely related to the public's trust in its success and the growth of the economy" (Photo: Reuven Castro)

"The stability of the system is related to public trust"

Yair Avidan, the supervisor of the banks

, commented on the collapse of financial institutions in the USA: "We are closely examining the collapse of the banks in the USA. This is an important opportunity to remind us of what is taken for granted - the stability of the banking system in Israel" The supervisor



of banks, known for his moderate statements, did not comment directly to the legal reform, but added: "The stability of the banking system is closely related to the public's trust in its success and the growth of the economy."

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Source: walla

All business articles on 2023-03-14

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