Finance Ministry official to TheMarker: Gloom over Israeli economy is unjustified
'The public's pessimism was being fed by the media,' the official says, adding that overseas bond issue confirms confidence in Israel.
Israel ended 2012 with a huge budget deficit, and is now facing huge spending cuts and tax increases amid slower growth. Nevertheless, in a recent interview with TheMarker a senior Finance Ministry official tried to dispel the prevailing pessimism, acknowledging policy mistakes but insisting that the economy is in better shape than is generally thought.
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