[Business Week] Neal Sandler - It used to be that when the U.S. economy sneezed, Israel caught a bad cold. These days, its economy is proving far more resilient than in the past. "Israel will be one of the countries that is least affected by the global economic crisis," predicts Leo Leiderman, chief economist at Bank Hapoalim, the country's largest bank. Israel's economy has grown by 5% or more for the past four years, and even with clouds on the global horizon, economists are forecasting a 4% growth rate in 2008.
2008-05-23 01:00:00Full ArticleBACK Visit the Daily Alert Archive