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Alon Blue Square Israel Ltd Message Board

  • arizzzona333 arizzzona333 Oct 27, 2012 10:23 PM Flag

    Israel's economy 9th highest for its durability

    Excerpted from the website... Invest in Israel
    ================================
    Israel: A Resilient Global Economy

    "The Israeli economy is strong and dynamic and notes favorably the coherent macroeconomic policies implemented by the Israeli government." - Moody's

    The Swiss-based Institute for Management Development (IMD) has ranked the Bank of Israel highest among central banks for its efficient functioning in its 2011 World Competitiveness Yearbook for the second year in a row.. The report also ranked Israel's economy 9th highest for its durability in the face of the global financial crisis.
    Strong Fundamentals Confront the Global Economic Slowdown

    At a time when the Israeli economy's resilience was put to the test by ongoing financial pressures resulting from the global credit crisis, the world's three largest rating agencies in a vote of confidence maintained high ratings for Israel. In 2011, Standard & Poor's Rating Services upgraded Israel's credit rating to A+, while Moody's Credit Rating Agency left Israel's A1-Stable rating unchanged and Fitch Ratings kept Israel's A Stable rating. While Israel has not been immune to the effects of the global credit crunch, as its main trading partners are hit by the lingering crisis, the country's sound macroeconomic fundamentals and strict fiscal policy serve as a buffer to dampen the impact of ongoing financial tremors.

 
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