Stanley Fischer: Peace could boost Israel's economy by 7%

The difference would be evident in the amount Israel needs to invest in security, Fischer told delegates to the Tenth Annual Herzliya Conference
 
Bank of Israel Governor Dr. Stanley Fischer said last Sunday that the Israel  could expect an economic growth in the range of 7% should a peace agreement be signed with the Palestinians.
 
The difference would be evident in the amount Israel needs to invest in security, Fischer told delegates to the Tenth Annual Herzliya Conference.
 
The last five years has seen economic growth of up to 5%, said Fischer. "So with peace agreements and conditions, we could have a growth of more like 6 or 7%," said Fischer.
 
The Tenth Annual Herzliya Conference was held on January 31 - February 3, 2010, on the Campus of the Interdisciplinary Center (IDC) Herzliya in Israel.