The bank also predicts that the shekel-dollar exchange rate will fall to NIS
3.60 to the US$.
It published an optimistic forecast for the Israeli economy, predicting faster growth for both this year and next than the Bank of Israel.
Discount Bank predicts that Israel's GDP(Gross Domestic Product) will grow by 0.5% in 2009 and 3% in 2010.
The Bank of Israel , on the other hand,predicts zero growth this year and 2.5% growth next year.
3.60 to the US$.
It published an optimistic forecast for the Israeli economy, predicting faster growth for both this year and next than the Bank of Israel.
Discount Bank predicts that Israel's GDP(Gross Domestic Product) will grow by 0.5% in 2009 and 3% in 2010.
The Bank of Israel , on the other hand,predicts zero growth this year and 2.5% growth next year.
