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Speaking to a group of students, Bank of Israel governor, Stanley Fischer said that it remains to be seen how the Israeli economy will do after the war with Hamas is completed. Citing the abysmal global economy, Fischer thinks that a strong Israeli economic recovery will coincide with a global economic revival.

Globes reports, “Everyone can be wise in hindsight, but as of now, the Bank of Israel forecast is for 1.5% growth - but clearly we will have to change it in light of the worsening situation and in line with the situation of the fighting. It’s hard to know exactly, but we are already in a difficult situation. “When will we exit the crisis in Israel? It depends primarily on the global economy.”