Israel's Fischer says labour market absence is not sustainable
Stanley Fischer, the governor of the Bank of Israel, on Wednesday said Israel's economy grew at exceptionally high rates in the last few years but that the country should improve its participation in labour markets.
Fischer said figures published on Wednesday showed Israel's economic growth in the first quarter was significantly better than expected, with GDP growing at an annual rate of 3.6%, and exports by 7.3%. However, he added, the economy could grow at up to 7% if conditions remained
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