Wednesday, August 25, 2010

Nouriel Roubini praises Israeli economy

New York University economist, Nouriel Roubini who foresaw the sub prime mortgage crises has said that Israel's economy is one of the strongest in the world. He was speaking in a speech to investment advisers in an initiative led by investment house Excellence. He praised Israel's fiscal and monetary management. He said Israel was a good place for investors to know about and to interest clients in. He said Israel's economy is one of the strong stand most developed in the world. He predicted that other leading economies would shrink in the year ahead, the USA by 1.5% and advised investors to choose companies rather than nations for investment.

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