Sunday 30 June 2013

Bank of Israel Governor Warns of Secular Decline

«"We have a demographic challenge. If the current growth rates continue, the secular population will become a minority within decades, and the process in which a segment of the population characterized by a low rate of participation in the labor force becomes the majority cannot continue if we are to maintain the rise in the standard of living," said Governor of the Bank of Israel Prof. Stanley Fischer at the Interdisciplinary Center Herzliya's Economic Conference yesterday. "I am pleased that we are already seeing changes in this area," he added. »

Fischer: We'll have secular minority within decades - Globes
http://www.globes.co.il/serveen/globes/docview.asp?did=1000851841


Best Regards,
RRW

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