Bank of Israel Deputy Governor Andrew Abir spoke at a conference on the Swords of Iron war and its impact on the Israeli economy

Bank of Israel Deputy Governor Andrew Abir spoke today (Thursday) at a conference on “The Swords of Iron War and its Impact on the Israeli Economy”, which was hosted by the Tel Aviv Association of Chambers of Commerce.  The conference was attended by foreign ambassadors and attaches.

In his remarks, the Deputy Governor presented the growth of activity of Israel’s economy prior to the Swords of Iron war, and emphasized the strength of Israel’s economy in withstanding crises.  He also pointed to the good position of Israel’s economy just before the war, with a low debt-to-GDP ratio, high foreign exchange reserves, a current account surplus, full employment, and a strong high-tech industry.  Abir discussed the impact of the war on a variety of areas of the economy, and discussed the various challenges that the economy faces during this complex period.  In addition, he presented the policy actions that the Bank of Israel has taken in order to maintain stability of the markets and help the Israeli economy get through this period.

The Deputy Governor’s presentation is attached.