FILE - In this Wednesday, April 21, 2010 photo, Governor of the Central Bank of Israel, Stanley Fischer, holds a press conference in Jerusalem. Fischer says the country has weathered the global economic meltdown and has raised his forecast for growth this year. Fischer said he expects the economy to grow 3.7 percent this year. That's up from a 3.5 percent forecast issued in July. He also predicted a drop in unemployment. (AP Photo/Sebastian Scheiner, File)
Israel central bank chief to step down in June
FILE - In this Wednesday, April 21, 2010 photo, Governor of the Central Bank of Israel, Stanley Fischer, holds a press conference in Jerusalem. Fischer says the country has weathered the global economic meltdown and has raised his forecast for growth this year. Fischer said he expects the economy to grow 3.7 percent this year. That's up from a 3.5 percent forecast issued in July. He also predicted a drop in unemployment. (AP Photo/Sebastian Scheiner, File)
By ARON HELLER
Associated Press /
January 29, 2013
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His successor will face significant challenges, including the still skyrocketing real-estate market, shielding the country from the European economic crisis and coping with a larger than expected government deficit that could well bring deep cutbacks.
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